VEDL trade ideas
VEDANTA Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
VEDL ShortVEDL is in Short Zone with target of 105/103
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
VEDL - ShortVEDL was moving in a channel now it has given breakdown to that level.
We will short it at levels drawn on chart
vedanta likely to shootBuy from cmp to 108.5
single target 116
2 consecutive 1 hr clbs sl 107.95
Buy as near as possible to 109.5
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Vedanta - BUY - Channel move indicates +10% upside BUY Vedanta for 10% upside, which is its channel upper band. Delisting news can quickly get the target of 116-117
Keep an eye on Vendanta Ltd.If my trend line and triangle pattern is correct i am expecting a breakdown in trend line.
VEDL - textbook type uptrend after a fall.
This Analysis Is Done Only For Educational Purpose, Never Invest Or Trade based on this. I- have all the rights to be wrong on my views :)
Triangle Breakout!!TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
AC line will act as resistance line.
BD line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the breakout is upwards then support line will act as stop loss.
If the breakout is downwards then resistance will act as stop loss.
PS : This is 15 minute candlestick chart so the targets are most likely to achieve in 1-2 days.
The accuracy of this strategy is 80%.
vedl good to short below 104if open below 104 and hold their
vedl going down ,
1st target 101.85 and target 96.95
stop loss 111.1
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial adviser before taking position/decision.
VEDANTA Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
