I'm long @ 250 - ( 1 Lot ) - June Contract
SL = 215
TGT= 300
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Hoping for the best
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My reasoning = Previous Resistance and Support Level and currently bounced from a 0.786 level
VEDL in its ups and downs this year, completed the Gartley. Currently testing a sup/resistance line with a lot of dojis and hammers and stars.. If it happend to reverse, it can complete the Cypher. But it will take a few too many months.
Will Vedanta Breaks 200 SMA Support which it Bounces back many times for last 2 years....A important zone for Vedanta... Keep it in Watchlist...
Any Bounce Back Around 303 will be a BUY...
Indicators are slowly turns to bearish side from bullish. One can expect up to 280 range.
Stoploss: above 357(closing basis)
Vijayaraghavan,
Kovilpatti.
VEDANTA is deliciously poised at 200 SMA.
It's been following the metals index as expected.
After a correction following strong rally, this ting is poised to bounce back.
300 at least.
VEDL has been moving in an rising wedge for a while,it got out of the wedg just to retest the six-year highs couple of times.Right now its back on the edge of the wedge.
Awaiting breakout or reversal on account of the result.
The Stock has nicely formed the "Descending Broadening Formation" which could be used for trading. How to trade it : if it breaks the upper horizontal line and stay there for some period one can go long. If it gives false breakout and come back immediately to the the upper line one can short the stock. Good Luck
VEDANTA completed the head n shoulders and broke out of the neckline, just to the high levels that it hasnt crossed since 6 years.
Today's wick broke the level but closed below it. Can reverse or breakout from there.
A bounce back upto 325.25-326.24 will be a great opportunity for shorting with sl 328.60 to get a good reward tgt 1 316 tgt 2 309
If it crosses above 330.5 then buy with sl 326 to tgt 1 339 tgt 348
Global commodity market, especially the metals, is going great guns.
That rally has reflected in Indian commodity stocks too.
After a brief correction from overbought zone and a bounce from 20 day MA, Vedanta looks set to continue the rally.
Immediate target 335
VEDL
just given 3 top brekout at level of now next level is 285 as we are in buying frim 250 there is 4 top break out now 3 again so buy this stock with sl 260 target 285 in next 8-10 days.
