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VEDL

Simple Trade Setup | VEDL | 07-02-2022 [INTRADAY]NSE:VEDL Observations: 1) On 1 day time frame, we can see that it came out from the resistance channel. Also it came out from the neck line of rounding bottom pattern and closed above 350 level. Next resistance is at 360 level. Safe buy on sustainable breakout of 360 level. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 07-02-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:VEDL
by Trading_hawk
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