The stock is testing its weekly resistance zone. A weekly close above 341 can bring more bullish momentum here.
This idea is for Educational Purpose only.
This is not a BUY/SELL recommendation.
Learn & Earn,
Dr. Tanya Kumar
Vedanta already up by 36% from beginning of this month to till date.
Will incur profit booking, as it is in Overbought condition
1. Short at 385
2. SL 405
3. Target - 358
Note: - If you are already having positions, book the profits. Can reenter again at support levels
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
NSE:VEDL
Vedanta is closed near 341 resistance level. Crossing above 341 may lead stock to near 390 level. Trailing Stop Loss near 315 level. Drawing Fibonacci extension considering recent High near 341 and Low near 207, the 1.618 extension level is around 420 level. Stock is expected to touch 390- 420 level in near term.
Stock Name-Vedanta Ltd.
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Entry-Weekly closing above 247
-Risk taker can enter at CMP
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SL-Closing below 205 in Weekly/Daily (As per price behaviour)
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Target-Mentioned on chart
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I am not a SEBI Registered. This analysis is purely for educational purposes only.
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If you gain some learning from this chart, then please like this post for more reach & also...
Stocks For Next Week.
Vedanta Ltd. Stock ready For Breakout after the formation of a double bottom pattern on weekly chart.
Entry possible after the breakout of Neckline at 329.
Good For Swing and Positional Trading.
Entry: 330 ✅✅
Sl: 252 ❌❌
TGT(Swing Trading): 438 🔥🔥
TGT (Positional): 772 🎯🎯
Note: Do your own research before Investing your hard earned...
There is a one more stock Which is showing a great opportunity at a support in VEDL. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss.
The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide...
Vedanta has formed perfect bullish BAT pattern on weekly time frame. Targets mentioned in chart can be acheived if SL mentioned is saved.
Rest of the information you all know very well about it.
Targets are big for this script.
Stay invested.
Kindly note that I am not SEBI registered analyst. Perform your own analysis before taking any trade.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
This is the 3rd wave of a new cycle . We know that the 3rd waves are the strongest. U can buy at CMP of 280 my T1 is 380 this is 36% from the current levels.
As per weekly chart, clear trend revershal seen in the stock, double bottom seen in the stock, MACD crossed centre line which gives positive outlook in the stock, RSI is bullish, moving averages are positive, so in short term 320 and 350 level can come in the stock.
VEDANATA 20% upside in next 2-3 months Possible
Vedanta on daily chart is undergoing CUP formation Target for which come as last Yearly high 339
LTP - 283
SL - 272
Targets - 339+ / 375
Timeframe - 2-3 Months
Happy Investing.
VEDL has given H&S Breakout in daily chart with favourable RSI and Volumes.
Can buy now for Short term target of 280.
PS: Just for educational purpose.
