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VEDL

VEDL: BULLISH TRIANGLEUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. TRADING STRATEGY: BUY VEDL: 320. SL: 300. TGT: 340/ 360-65
NSE:VEDLLong
by TradingSutra
2
VEDLNote: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading.
NSE:VEDLLong
by SENSITRADE_T
VEDL - Keep a close watch for ATHAll the metal stocks have been on a tear this year, and Vedanta is no different. While most of the them are currently at their all time highs, Vedanta is still far from its ATH made in 2010. It is nearing its previous peak of 2018, which will act as a strong resistance zone. Keep a close watch, and if the share closes above 355, we can expect smooth ride to 440. Support is currently placed near 315 levels, which can be kept as a stop loss. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment section. Do show your love by pressing the like if you liked the idea.
NSE:VEDL
by Yes2Profits