VEDL: 67 Days of ConsolidationNSE:VEDL
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
VEDL
VEDANTA Levels ( Intraday & positional)NSE:VEDL
VEDL will be bullish after it crosses and trade above 276. Also it is trading in uptrend channel.
--For Intraday buy above 276. And Targets mentioned on charts are for Intraday purpose.
--For Positional Trade, buy above 276 only and keep next target 296 as per Fibonacci levels.
--If it breaks down the channel then it will go to test the demand till 263. Aggressive intraday trader can short till this level but for safe trader better not to trade in this no trading zone.
--For safe trader it is advisable to short once it break down below 260 with strong Red/bearish candle with volume. Otherwise avoid short in VEDANTA.
Comment below if my Ideas are helping you to understand the levels.
Also comment your suggestion or doubts.
All the best for trading in next week. Have a good weekend.
Vedl BreakoutVedanta Ltd has given a trendline bullish breakout on july 5. Its in uptrend making HH & HL in 4H chart
VEDL trend continuationVEDL NSE:VEDL
Daily on 28/Jun/2021
double bottom strategy, bounced back from supply zone, closed above 20 EMA and near trend line
Entry 263.85 (with green candle confirmation)
SL 263.85-19.4 = 244.45 (SL based on ATR)
Target 287.9
(Risk and Reward ration 1.4)
VEDL Preparing for bullish Move.VEDL has recovered from the oversold region on the RSI indicator. Also, a Golden cross might be seen on the MACD indicator in coming trading sessions.
Pricing is holding above shorter and long-term moving averages.
Longs can be taken with an SL of 249.
Vedanta - Bull flag + Symmetrical triangle. BO soon! Key Highlights:
1. Potential change in MS underway
2. Still in consolidation mode
3. Symmetrical Triangle pattern
4. Flag & Pole formation
5. Early entry will give a better RR ratio
6. Support zone: 262-267
7. Target: 296, 320, 332, 350. Stop loss: 263
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
#JSLHISAR CMP191 #Target 251(32%) #JINDALSTEL #JSWSTEEL #SAIL#JSLHISAR
NSE: JSLHISAR
LONG TERM INVESTMENT
CMP 191.30
Target : 251.80
SL : 171.60
Timeframe < 60 Days
Can hold for longer time
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
MULTIYEAR BREAKOUT OF VEDLVEDL is going to breakout from 11 year trendline. Very good entry point is at the trendline level and minimum target would be 491.
Trading opportunity in Vedanta LimitedStock is currently forming a falling wedge and descending triangle pattern and is showing signs of support at 264-265 levels on a 1Hr time frame. If the pattern is broken on the upside till 275 could be seen. Upon breaking, 275 levels of 280 and 287 will be the next target. Upon breakdown, a fall till 253 and 250 can be seen.
You can follow my blog thepriceactionguru.blogspot to get an analysis on different stocks based purely on price action.
vedl - Expecting a big break. Price slicing down and the pressure is building up for the break, one can expect a good break in this stock in the coming sessions.
Vedanta Intraday setup for MondayVEDL intraday setup for Monday 24 may 2021, trade at your own risk, published for educational purposes only.
VEDL MonthlyIF VEDL closes this monthly candle above 300 level.. watch out for another 50% movement upside quickly. Looks extremely bullish on technical charts.
VEDLVEDL(Weekly) :- Breakout done at 246 Target 500/550++ with Stop Loss 200 Below
1) Multiyear Breakout :)
2) Finally Break HR Zone In 4th Time
VEDL - Target Reached after the breakOnce after breaking the resistance price tested the breakout level and then moves up to the target quick as shown in the analysis.
Now one can expect the price to hover around the resistance levels and once it breaks this levels and sustains then chances are good for 300+.
