Vedanta LtdVEDANTA LTD price follows wider action. Support and resistance levels are marked on the chart
VEDL trade ideas
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
Swing tradeSymmetrical triangle breakout.. Good close above previous swing high.. Go long upto targets of nxt swing high.. & stop loss mentioned on charts..
📢 Note : - Education purpose only... Not a call..!
VEDANTA LTD chart analysis This chart analysis is just for educational purpose and no buy or sell recommended.
Stock shows good breakout and its self explanatory.
Vedanta Getting Closer to a Breakout.Vedanta is heading for a Breakout On Weekly Charts, Trading above 21ema.
We are running out of time and space here.
Already sitting at ATH.
Perfect BUYVEDL a perfect buying opportunity there !! Triangle pattern formed .Stock is in a uptrend past few months ,and it touched it's area of value or support and bounce backed,
