VEDANTA Daily Chart Analysis 22.11.2021Vedanta has strong resistance at 345 level and once its broken then above 348 level and target is 375 level.
VEDL trade ideas
Buy Vedanta between 290-310As news involved in this stock please do consider before making any investment.
SL 280
Target 350 & 380
Bearish viewVedanta make bearish view after crossing it's resistance zone. if stock resist in this level and cross above that level then stock going to upside. In this scenario when stock is make bearish momentum and in its resistance zone we expect stock is going to sell zone. In monthly time frame stock make lower and lower. Stock can be sell if it's break the level of 280rs which i mentioned on chart. if it's break then we can seen the level of 240,200,160
Perfect Close on Trend LineView for Education Purpose only : Big Intraday Candle from high of 343 to low of 290 levels then a perfect close respecting the TREND Line - Let's see how it rolls ahead
Vedanta: Chart set up important level on hourly charts
Watch out for Stone cold 316
Take care & safe trading...!~!!
Ascending Triangle breakout soonAs per the Fib Retracement levels 340 level will be 50% retracement
Trade will activate from the hourly candle breakout of 332.50 levels
TARGETS(short term)
Target 1=340
Target 2=345
Target 3=350
TARGET (longterm)
Target1=367
Target2=390
Buy at 334 SL 327 TGT 343Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Vedl bounced back from 87.5% retracement zoneVedl bounced back from 87.5% retracement zone
Detailed analysis given on the chart
NSE:VEDL
Disclaimer: Holding it in our portfolio.
FOCUSAs you can see that this stock is at its daily support and at its monthly resistance the chances of breaking out it is pretty high . but consider entering only if theres any engulfing pattern . not some green candles . if panned out well .it will have a pretty impressive RRR. add to ur watchlist
Vedanta Ltd for LongVedanata Ltd is taking support from the trend line and is having a good resistance at level 316 to 318. A good opportunity to trade after the breakout
Vedl in channel its good for intradayWhen Vedl Touched Rej. Line it coming to take spt. dont buy if break channel there is a strong rej. With Red Line Sell if open near Rej. Line in channel and buy when take channel spt.
Vedanta VEDL Steady...The stock behaviour is within the support and resistance for a 6 month period, but still we have to wait for the uptrend. Their profit multiplied, that's promising on the contrary SEBI recent warning can have an impact so wait for your entry.
Expecting Bounce back This scrip is expected to give bounce back as it is on the trendline breaout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Bearish Flag in Vedanta HourlyOne can clearly see the formation of Bearish Flag in VEDL hourly chart.
Break down awaited.
Upon BD can touch app 308, 270.
Invalid on close abv 332.60
Trade as per price action.
VEDL ON 21 EMA SUPPORTVEDL is on 21 ema support on daily chart let see whether it hold this support or break it
#VEDLSimple close within the candle range 374.75 gave
a swift move towards the candle open (345.25)
and Retest ICMC Breakout Level 342.45
Vedanta Break-Up Final Target - 495Vedanta will reach T1-387. If its broken the monthly Break-Up then it will reach final Target 495.
VEDL: BULLISH TRIANGLEUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern.
TRADING STRATEGY:
BUY VEDL: 320. SL: 300. TGT: 340/ 360-65
