This Breakout took 14 years to happen | VEDL ⭕️Equity Traders Alert ⭕️ Long-Term Investing Journey!!!
Looks set for more gains! 📈 Strong technical signs suggest the stock could keep rising, so it’s worth keeping an eye on for potential opportunities! 🚗💨
⭕️Price Action Analysis Alert !!!⭕️
💡Equity Stock Trading📉📈📊
✍️Technical Reasons to trade or Strategy applied :-
✅ Upside Trendline Breakout
✅ Major Demand Zone
✅Tight range seen before Bo
✅Strong Chart Pattern (Rising Wedge Pattern)
✅Multi-TF Analysis
✅All-Time-High Breakout(10/14 years)
✅Strong Volume seen
⭕️Some News of Vedanta⭕️
👉Vedanta to consider fourth dividend for FY25 on October 8.
👉Third dividend approved on September 2; payout ₹7,821 crore.
👉Expanding nickel sulphate production.
👉Issued $900 million bond at 10.875%.
👉₹1 lakh crore investment in Rajasthan.
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Vedlshort
VEDL:Trend Continuation + Elliott (ABCDE) Correction Triangle.NSE:VEDL
Vedanta Ltd. has been in a consolidation zone for more than 2.5 months after a bearish trend and there is also 5 waves correction triangle is forming.
Some more confirmation is mentioned below:-
1. The price will face resistance of the 200 EMA zone.
2. The volume is not supporting the Up movement the volume is declining and the price is increasing this is a sign of weakness in the up move.
3. Previous bear trend + consolidation triangle most likely a second leg down to the down.
Multiple resistance on the upside gets a better chance to short instead of going long.
:-Entry should be based on some reversal candle on the respected chart of 4 hour and break of that signal candle.
:-Stop loss should be above some points of a resistance Zone.
I hope you like the idea.
please like and comment with your views on this idea.
Keep learning,
Happy trading.
Thank you for reading.
SHORT-TERM BEARISH in VEDL !!#MONDAY#
#SHORT#
NSE:VEDL
@VK2413
{
VEDL tried to break its major resistance but failed.
we can clearly see it on WEEKLY candles.
it is on its way to form HEAD AND SHOLDER pattern.
head is forming form tomorrow....
LEVELS are given on the charts for TRADE..
}
Fallow @VK2413 ,❤️Like,✌️Share.
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.
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 Swing Trade || #RathrolaTradesThis is only for educational purpose, don't consider this as Recommendation, am not responsible for your losses/Gains.
Reasons to Trade:
a) Price is near Resistance level
b) After a long uptrend, expecting some retracement untill down the support line drawn
#powerofpriceaction #rathrolaTrades #tradingviewindia
Regardd,
Rathrola
VEDL - Bearish Cloud CoverNote: This is for educational purpose only.
The price of VEDL is moving in a channel but there is a bearish cloud cover formation in VEDL which indicates there is a bearish sentiment. Expecting price to touch the lower part of the channel. Based on the price action when price reaches at the lower part of the channel, further trend can be determined.