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TGT and SL
It is observed that Vedanta is moving in an ascending channel. So lower trendline is support and per is Resistance. So it can breakout either ways. So watchout for the breakout. Tgt after breakout would be the height of channel, in this case is 25 pts. since it is a long channel, breakout would be more reliable. Also you can observe that ...
Vedanta falling after 263 levels rejected for third time forming a TRIPLE TOP. A break below 257 will open downside target of 251.
Vedl can be bought now for a target of 260.
Stop loss around 242 which is the point from which it gapped up to break the ascending triangle which is a strong buy sign.
Best setup is to book half profits at 260 and wait for it to break the resistance zones which will allow it to reach 280 levels.
Vedanta is following an ascending triangle pattern...
Short VEDL for the targets of 230 with the stoploss of 238.5
Note: Do your own study before making any position...
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Daily chart shows prices moving in an uptrend within, rectangular consolidation pattern
target 1 -239
target 2 -244
stop loss -219
Price is trying and should break this resistance of 246.RSI and MACD both are bullish. Also price is just hugging the 20ema,so it has enough room to run after breakout. One can buy above resistance once you get a clear breakout for targets of 260 and then 271.
Vedanta after a decent correction has formed a rounding bottom pattern ; Both RSI and MACD suggests to go add it on this dip for a hansome gain. Stop 224 cmp 236 Target 245/255
The stock has shown good movement in last week and is nearing oversold we may see a momentary correction for 260 levels. Markets near lifetime high and sharp correction seen in Bank Nifty may also pull down the share. Long term 300 targets intact.
but around current level 265
target at channel resistance 285
sl at channel support 252
Bullish Bat pattern observed with stock trading at support level of 249. We can see targets of 265 in next week itself.
long Vedanta which has formed Gatley Pattern for Target of 262 and them 274
BUY VEDL FUT @ 250.5 SL below 245.5 today target 265/270....
It is been observed on the Daily Chart that the price action firstly breaks above the strong resistance levels of 248 levels and then retested the resistance and confirmed it as strong support levels. Now, it shall further go up to next resistance levels at around 270 levels.
Target 1: 260
Target 2: 269
Last time I touched on Vedanta for short term opportunity. The weekly chart is showing a classic pattern based on Dow theory. Clear consolidation phases and markup phases. Let's see if this holds up.
as we can see the 2 bullish engulfing pattern and bullish divergence add to it i will prefer to buy it and stocastic in oversold index
The scrip is poised to register a Weekly Close below its 10 Week EMA placed at 216. Next support for the scrip is placed at 127.