VEDL trade ideas
VedantaAll important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
This Breakout took 14 years to happen | VEDL ⭕️Equity Traders Alert ⭕️ Long-Term Investing Journey!!!
Looks set for more gains! 📈 Strong technical signs suggest the stock could keep rising, so it’s worth keeping an eye on for potential opportunities! 🚗💨
⭕️Price Action Analysis Alert !!!⭕️
💡Equity Stock Trading📉📈📊
✍️Technical Reasons to trade or Strategy applied :-
✅ Upside Trendline Breakout
✅ Major Demand Zone
✅Tight range seen before Bo
✅Strong Chart Pattern (Rising Wedge Pattern)
✅Multi-TF Analysis
✅All-Time-High Breakout(10/14 years)
✅Strong Volume seen
⭕️Some News of Vedanta⭕️
👉Vedanta to consider fourth dividend for FY25 on October 8.
👉Third dividend approved on September 2; payout ₹7,821 crore.
👉Expanding nickel sulphate production.
👉Issued $900 million bond at 10.875%.
👉₹1 lakh crore investment in Rajasthan.
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Breaking Out Major LevelsNSE:VEDL is breaking out major levels on a Monthly timeframe in a rising channel on dividend news although this is a Cycial and not fundamentally Sound Company.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Vedanta Limited (NSE: VEDL) on the daily (1D) timeframe, Vedanta Limited (NSE: VEDL) on the daily (1D) timeframe,
Support Levels:
₹450.05: This is the recent low and a crucial support level
₹440.00: Another significant support level, close to the 50-day EMA
Resistance Levels:
₹470.35: The recent high and an immediate resistance level
₹480.00: A higher resistance level to watch if the stock breaks above the recent high
Vedanta Limited Multiyear Breakout CandidateVedanta Limited has given a good weekly closing above its year 2010 resistance level after a good consolidation .
Usually Such Multi year Breakouts are good for positional trading
Potential upside targets according to Fibo are
Target 1- 640 to 650
Target 2 ~800
As this is a multiyear breakout so it will may take months to reach those levels
So be patient
Happy trading
#VEDL - Multi Year BreakOut📊 Script: VEDL
Key highlights: 💡⚡
📈 Multi Year BreakOut in Weekly chart.
📈 Price consolidated for 17 weeks before giving a BreakOut
📈 RS Line was making 52WH
📈 One can go for Swing Trade.
BUY ONLY ABOVE 515
⏱️ C.M.P 📑💰- 514
🟢 Target 🎯🏆 – 30%
⚠️ Stoploss ☠️🚫 – 14%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
VEDL : Triangle breakoutBuy VEDL @455-460 sl 430 tgt 540
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
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VEDL - Cup and Handle breakout - wkly This chart shows the long-term price action of Vedanta Ltd stock from 2008 to 2024. Here's an analysis of the key points:
1. Overall trend: The stock has shown a long-term bullish trend, forming a large cup and handle pattern over several years.
2. Price levels:
- Current price: 501.75 INR
- Historical high: 506.75 INR
- Historical low: 58.15 INR
3. Key resistance level: There's a significant resistance level at 428.35 INR, which the stock has recently broken through.
4. Cup and handle formation:
- The cup formed from 2010 to 2021
- The handle formed from 2021 to early 2023
- The stock has now broken out of this pattern, suggesting potential for further upside
5. Recent breakout: The stock has broken above the previous resistance at 428.35 INR, which could now act as support.
6. Volume: While volume information is limited, there are some spikes visible in 2020-2021, possibly correlating with increased interest in the stock.
7. Price targets:
- A longer-term target is shown at 797.59 INR, based on the cup and handle pattern projection
8. Current momentum: The stock is in a strong uptrend, having broken out of the cup and handle pattern and surpassing previous resistance levels.
9. Potential support: The previous resistance at 428.35 INR could now act as support if the stock pulls back.
This chart suggests a bullish outlook for Vedanta Ltd, with the stock breaking out of a long-term pattern and setting new highs. However, investors should be aware that past performance doesn't guarantee future results and should consider fundamental factors alongside this technical analysis.
VEDL Chandi Jaisa Rang Hai Tera Ghode Jaise Chal VEDANTA (Shines like Silver & runs like a Horse)
VEDL is in a Bullish impulse wave since Covid bottom & did a golden retracement in wave 2 in from 440.75 in April 2022 to 208 in Sept 2023 now Wave (3) has started & we are about to complete wave 1 of (3) what should follow is Wave 2 correction in Wave (3) so 560-570 should be levels to be cautious on upside for a pullback of the impulse started from Sept 2023 bottom.
The larger structure remains bullish a 3 wave or 7 wave pullback will be the zone to create fresh longs.
(Note VEDL is positively correlated with silver which is also in bullish structure)
Vedanta for 20% gainsDate: 25 Sept’24
Stock: Vedanta
Timeframe: Daily chart
In my earlier analysis of Vedanta in May this year, I had mentioned the stock is heading to over 800+. I have now reviewed my analysis for a target of around 580 (20% from its current price).
Vedanta seems to be in Wave V of 5 and could attain a target of about 585 as seen in the chart.
This is not a trade recommendation. Please do your own analysis.
VEDL Support resistance levelsVEDL!
As of the latest market data, here are the key levels for Vedanta Limited (VEDL):
Current Level: ₹236.50
Support Levels:
Short-term: ₹228.50-229.50 (approx.)
Medium-term: ₹224.50-225.50 (approx.)
Long-term: ₹220.50-221.50 (approx.)
Resistance Levels:
Short-term: ₹240.50-241.50 (approx.)
Medium-term: ₹244.50-245.50 (approx.)
Long-term: ₹248.50-249.50 (approx.)
Additional Notes:
VEDL has been trading in a consolidation phase, with the stock price oscillating between the short-term support and resistance levels.
Some information about VEDLVedanta Limited is a multinational mining and resources company headquartered in India. It is a subsidiary of Vedanta Resources, a UK-based company. The company operates in several countries, including India, Zambia, Australia, and Ireland.
Here are some key levels related to Vedanta Limited:
Stock Price: Listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India, with a current market capitalization of over ₹2.5 lakh crore (approximately $34.5 billion USD)
Share Price: Currently trading around ₹250-300 per share (subject to market fluctuations)
52-Week High/Low: ₹315 (52-week high) and ₹170 (52-week low)
Market Capitalization: Over ₹2.5 lakh crore (approximately $34.5 billion USD)
Earnings Per Share (EPS): ₹14.39 (TTM - Trailing Twelve Months)
Price-to-Earnings Ratio (P/E Ratio): Around 15-20
Dividend Yield: Around 4-5%
Long trade on vedl with sl 450-455 target 1000 ATH on VEDL and debt reduction with India's development story will lead to massive growth in metal consumption and VEDL seems to be a best play with many precious metal lets initiate a long target for a target of 1000 in near term maintaining a SL of around 450-455 levels
VEDL : A CONSOLIDATION WILL IT BREAKOUT OR WILL IT FIZZLE OUTVedanta Ltd. an interesting consolidation to keep on radar
1. RSI on all time frames (Daily, Weekly, Monthly) above 60
2. Narrowing Bollinger Bands on Weekly charts
3. ABCD Pattern under formation in weekly chart
4. Major 20 Day / week SMA support at 425-440 zone
A Breakout in making will it succeed or will it fizzle out
Lets See How it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.