Vedanta has broken resistance.Recently, Vedanta has broken all time high resistance. The is in strong uptrend. This is a nice time to catch the stocks..
VEDL trade ideas
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalVEDANTA give trend line breakout and now testing its Resistance level
Earlier also after the breakout, it test its resistance level and pulled back to support levels, and bounced back.
So the chance of breakout this time.
Save entry will be above 385 levels on a closing basis if gap up then wait for a retracement and then enter.
Can look for targets of 400-420-450, with SL of 340-320.
Note:
Above levels for Education purposes only.
Do your own analysis before taking any trade.
Also in the current volatility situation in the market, Trade with less quantity as the market is still uncertain.
VEDL - Resistance Breakout + Pullback + Fibonacci1. VEDL gave breakout from Trend line on 4th Feb. It moved well and then took resistance at previous peak.
2. It did a pullback to previous resistance which acted as support now & bounced back.
3. Now it is testing same resistance zone around 385, breakout from which can give some push to new high.
4. Plot fibonacci on the retracement to see how beautifully it has again followed it & possible extension targets.
Trade with less quantity as market is still uncertain.
In case of gap up opening above 385, wait for retracement to test 385 zone.
Best case is when stock opens below 383 and slowly moves upward and break 385 with some consolidation.
Thanks
Piyush Gupta
Learn & Earn
VEDL Heading toward all-time highPrice action in Vedanta (NSE: VEDL) looks strong as seen on this monthly chart. The stock seems to have broken out of this tilted trendline and is heading toward All-time high of 495-500 zone. Long can be initiated above 385 for 495 as the target. SL may be kept at Jan'22 low of 307.
Note that this is monthly chart and hence target & stop loss are relatively big. Also, time horizon is 3-6 months.
VEDANTA LTDscript is at a good resistance. breakout might be possible.
it has taken support on bottom trend line and 100EMA multiple times and bounced back.
keep on radar.
Triangle Chart Pattern - VEDLThis is a good example for a triangle chart pattern.. i have mentioned where to Buy , where to put SL, how to measure Target and where to Exit(Target)...
Vedanta LtdVEDANTA LTD price follows wider action. Support and resistance levels are marked on the chart
Long trade idea Vedl
Trading after 12 long years near life high
copper near breakout
Vedl is a clear play for 500 areas .
on downside strong support at 300-310 areas on longer horizon
outperformed metal index and nifty from past few months
Vedanta... Important investment zone..Have marked important investment and trading zone...
this is purely for investments on any correction
or can be used for short term trading.
LIke... Share.. Follow
Saucer pattern formation in VEDLSaucer pattern formation in VEDL
Detailed analysis given on the chart
NSE:VEDL
VEDL targets opens
A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move.
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Disclosure : I am not SEBI registered. The information provided here is for Education Purposes only. Consult your financial advisor before taking any decisions
VEDL AT BREAKOUT BUY ABOVE 350
targets 360/370/380
stoploss 340
symeetrical trainglr breakout also metal sector is at breakout
VEDL BREAKOUTVEDL Breakout is taking major support at the same level for several times in daily candle and ready for breakout upside with confirmation form 200EMA and RSI.
VEDL - Looks good for 387Please watchout for the levels provided for VEDL, the rays acts like support at the lower point and resistance at higher point of contact, but positive enough for going long in this script.
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.
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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.
VEDL : Descending Channel VEDL
In daily time frame, VEDL has formed Descending Channel Pattern
Descending Channel :
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels.
Key Points :
1) There is no strong seller observed in volume
2) Pullback candle shows that strong buyers is still alive
3) RSI at a good range
Trade Suggestion :
As per the chart pattern
Buy Level: 330
Target : 360-370
Stop Loss: 315
Holding Period 2-4 Weeks
Note: The above level is only for study purposes
Watchout for Resistance breakoutThe stock looks good above 362.75 (closing basis) level for positional targets of 373 and 385.
Learn & Earn,
Dr. Tanya Kumar
