vedantaCmp @275
good positional pickup
price hasnt give thebreakout
but the rsi has
so technically price to follow rsi
targets 295++
VEDL trade ideas
My swing picksPrice making a Triangle pattern , after the break out or break down in triangle pattern a rally can be expected in that direction
MULTIYEAR BREAKOUT OF VEDLVEDL is going to breakout from 11 year trendline. Very good entry point is at the trendline level and minimum target would be 491.
Make a Long Position in Vedanta for few days see around 10% TGTFeel free to share with your family friends.
VEDL LONGA swing Trade can be taken in Vedanta. At this particular price the RR looks really attractive.
Vedanta , Long , Falling wedge What is Falling Wedge chart pattern?
Rising and falling wedges are a technical chart pattern used to predict trend continuations and trend reversals. The falling wedge is a generally bullish pattern signalling that one will likely see the price break upwards through the wedge and move into an uptrend.
How does it work?
The falling wedge is a bullish stock pattern that begins wide at the top and contracts as prices move lower. It occurs when the price is making lower highs and lower lows which form two contracting lines. The falling wedge usually precedes a reversal to the upside, and this means that you can look for potential buying opportunities.
Volume decreases during the formation of the wedge and should expand on the breakout.
