VEDANTA LIMITEDBuy VEDL above Rs. 106 for the Target of Rs. 130 - 160
Stoploss Rs. 85 .....
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VEDL trade ideas
Buy with stoploss 97.30 target 125.30 and 133Monthly -
1- It is downward channel.
2- Higher High and lower low in last 3 month
3- RSI cmp from over sold territory
Weekly :
1- Macd and RSI are positive
2- Made big candle after 2 week consolidation
3- VEDL has strong weekly resistance Near 125.30
Daily :
1- RSI above 70 Little bit overbougth
2- Volume in upward cruve
3- Crossed Important Resistance (97.90)
4- From last four days making higher High and Higher Low
5- Macd is not inc arsing but positive
6 Today crossed 100 DEMA with almost double volume
7- 125 is reistance weekly-200 MA and channel as well
:
Plan buy in deep with stoploss of 97.90 closing base and exit Near 120-125 try to buy some put Near 125-130
Pattern :
Ascending tryangle breakout occured Breakout height is 35 rs/-
Approx Target is : Near 130
VEDANTA Trade SetupThis Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Vedanta - Gravestone Doji may pause its uptrend from here.NSE:VEDL has witnessed a gravestone doji formation at the supply zone.
Looks like NSE:CNXMETAL may pause its rally from here.
Vedanta: How technical analysis helped us capture a 15% movementVedanta
On 20 May we had recommended this idea as cash buy for a target of 97.5 & above 98 for extended target of 102 / 104.
- first we observed Vedanta trading in upward channel highlighted by the blue lines
- we got further cues from trading pattern observed at the green gap zone
- it acted as resistance on previous 3 occasions & there was signs of gap zone potentially acting as support.
- and that is precisely what it did. It reversed exactly from lower end of gap zone
As far as target is concerned we see another gap zone between 104- 111 odd levels highlighted by red zone. So to ensure trade execution we gave a target slightly below 104 at 102. And that's the level where Vedanta made a high - 102.50
And we were able to capture a nice 15% in just 10 trading sessions :-)
If you want to learn, you can message me in private chat.
Message only if you are serious about learning.
Regards,
Vaibhav Deshpande
Vedanta: Positional longVedanta
CMP 88.60
Last time we had given a buy above 95.65 but trade never got triggered.
Now the price has corrected & is in sub 90 levels
This is for positional cash buying. Consider buying in staggered manner.
- one at current price (88 is average for current month)
- use 2nd part only if Vedanta comes at channel support & we see a reversal from there.
Target 94.50 / 97.5 & above 98 we see extension of target 102 / 104.2
Take care & safe trading.
VEDL small swing oppurtunitySupport from 20 ema and trend line.
forming assending triangle. buy at current CMP. stoploss will be recent higher low with first targert of top of the traiangle and den above.
Shoulder Breakout in VEDLOn a daily chart VEDL has just broken its previous shoulder and forming its rising shoulder pattern which is a bullish pattern. Short term trader can go long with stop loss at 73.80 and long term investor can maintain their stop loss at 65 which is a very strong support zone. Tripple bottom pattern has been formed at this price. Even the near term resistance is 83% far away from the current level which is at 161.
NSE:VEDL
[Buddha] VEDL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Vedanta: Chart Structure & trade potentialEverything mentioned in the chart
Do take proper risk management measures.
vedl delievery buy view as per chartsvedl with lot of news flow in the counter , despite having it i see the stock as undervalued upto 78 zones , technically weak below it now and from here can try to give a quick upmove for 130 /144 zone
VEDL, How we captured 2.3% (Trade Analysis) - Learn & EarnVEDL was given for short at 90.9 at 10:15AM (it was trading at 91.4 that time). Logic for trade was break of long term support (ping line). VEDL had news today and I usually avoid news based trading as I am low risk price action trader. Still setup was too good to ignore.
Below 90.9, next target was its previous close at 89 but VEDL continued its move till 88.5 (I took 2 trades in it).
3 min chart to show more details in below
Other trade which was given to students was KAJARIACER to short at 323.7 and we covered it at 319.8.
Price action based trading is best form of trading, free from all indicators and purely based on price study.
Reach out for more details and learn price action.
Perfect spot to short this stockPerfect pattern is emerging, bold prediction is for the stock to hit 61ish area before May end...
Short Vedanta below 78.5I could see 2 wick which shows selling pressure and a selling volume in vedanta today and multiple candle closed below mid bollinger band. Hence,
Sell below 78.5
SL- 80.5
T- 76.5
VEDANTA BREAKDOWN TOMORROWVEDANTA BREAKDOWN POSSIBLE ...WE CAN SEE 74 LEVEL TOMMOROW...IF IT BREAKS 74 THEN THE NEXT SUPPORT WILL BE AT 61.....PLAY SAFE
VEDL respecting the longterm trendVEDL is currently trading at the multi year support
In a lower time frame there is signs of reversal
