VEDL trade ideas
vedl breck a consolidation piriodnaw is good time to buy a stock target 290 stop loss 265
breckout tranguler shape
only education purpose
VEDANTA LTD, 11 YEARS PATTERN Breakout is PossibleVEDANTA LTD is at very crucial level, It is forming a pattern from last 11 years. It can move to any direction, take trade after confirming with your rules and system, check on Weekly, Daily and other smaller Time Frames for better and clear understanding, as it is also taking support from moving averages on different time frames.
MOREOVER, TRY TO LEARN SOMETHING.
VEDL: 67 Days of ConsolidationNSE:VEDL
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
VEDNATA - Awaiting BreakoutTriangle Pattern. I expect a good move here.
Hopefully it breaks on the upside.
VEDANTA Levels ( Intraday & positional)NSE:VEDL
VEDL will be bullish after it crosses and trade above 276. Also it is trading in uptrend channel.
--For Intraday buy above 276. And Targets mentioned on charts are for Intraday purpose.
--For Positional Trade, buy above 276 only and keep next target 296 as per Fibonacci levels.
--If it breaks down the channel then it will go to test the demand till 263. Aggressive intraday trader can short till this level but for safe trader better not to trade in this no trading zone.
--For safe trader it is advisable to short once it break down below 260 with strong Red/bearish candle with volume. Otherwise avoid short in VEDANTA.
Comment below if my Ideas are helping you to understand the levels.
Also comment your suggestion or doubts.
All the best for trading in next week. Have a good weekend.
VEDANATA LTDVEDL TRENDLINE BREAK AND RETEST AND TAKING SUPPORT AT 50 MOVING AVERAGE BUY AT 270/275 WITH STOP LOSS 255 FOR TARGET 295/340
ELLIOTT WAVE ANALYSIS 11.07.2021BUY : 271 TO 243
TARGET : 323
Reason For Buying This Script :
In this script it is forming Elliott Wave in monthly time frame . So we can go for buy try to accumulate .
Once the price close above 323 in monthly time frame and the next target up to 446 .
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
VEDANTA a clear weekly chart.As it is an weekly chart no f&o recommendation.
Wave 3 seems to be extended in this case
Wave 1 should be equal to wave 5 at least.
Hence it may take it upper line of the channel.
of course as it is an weekly chart it may take some time.
I
Strong resistance zone if break next bullrunNow Market form this structure,Strong resistance zone if break next bullrun continue.
3 reasons to buy Vedanta1) Flag pattern Breakout.
2) Breakout-retest-continuation.
3) Bouncing from a very strong 0.618 Fibonacci level.
Can be bought for a target price of 282 and 290. CMP-272
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Happy Trading :)
Vedanta - Bullish breakoutVedanta had a good breakout from the trendline, so give an entry with appropriate Stop loss
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
