Positional Trading Idea on VedantaNSE:VEDL
Vedanta is closed near 341 resistance level. Crossing above 341 may lead stock to near 390 level. Trailing Stop Loss near 315 level. Drawing Fibonacci extension considering recent High near 341 and Low near 207, the 1.618 extension level is around 420 level. Stock is expected to touch 390- 420 level in near term.
VEDL trade ideas
Vedanta for 100% gainFor investing/trading in metal companies, one needs patience as hard. On weekly charts, the stock seems to be in Wave 3 which is heading towards 800+ that is also the 1.618 fibonacci level as seen in the chart. In the current run up, it may go up another 5-10% (around 440 levels) before hitting a Wave (II) correction towards 350-325 levels.
Please note there are a few assumptions with which these levels are arrived at. In case of deviation in the route to its target, those assumptions are altered. You can avoid all panic if you manage your positions well.
VEDANTA : TARGET - Rs 420 - Rs 430 UPWARD MOVEMENTVedanta shares are trading high; despite a retracement, the stock has successfully passed the resistance level of 390s with significant volume and is expected to reach a new high of Rs 420 - 430. Furthermore, many brokerages have issued a perform signal for this stock.
The wait is over Bullish BAT in VEDL on Weekly chartVedanta has formed perfect bullish BAT pattern on weekly time frame. Targets mentioned in chart can be acheived if SL mentioned is saved.
Rest of the information you all know very well about it.
Targets are big for this script.
Stay invested.
Kindly note that I am not SEBI registered analyst. Perform your own analysis before taking any trade.
VEDANTA SHORTVedanta already up by 36% from beginning of this month to till date.
Will incur profit booking, as it is in Overbought condition
1. Short at 385
2. SL 405
3. Target - 358
Note: - If you are already having positions, book the profits. Can reenter again at support levels
Disclaimer :- Iam not SEBI registered adviser. Please research before Investing.
Vedanta Ready For A Breakout on Weekly chartStocks For Next Week.
Vedanta Ltd. Stock ready For Breakout after the formation of a double bottom pattern on weekly chart.
Entry possible after the breakout of Neckline at 329.
Good For Swing and Positional Trading.
Entry: 330 ✅✅
Sl: 252 ❌❌
TGT(Swing Trading): 438 🔥🔥
TGT (Positional): 772 🎯🎯
Note: Do your own research before Investing your hard earned money.
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VEDL is rockingThere is a one more stock Which is showing a great opportunity at a support in VEDL. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
#VEDL Support & Resistance / 29 Feb 2024Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss.
The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide whether to buy or sell at or near the line based on six simple indicators + order book confirmations. If no trade is taken, the chart becomes invalid.
I won't go into details about indicators because they are to be interpreted and change depending on the market. For example, an RSI of 40 means different things in a bull, bear, or choppy market. It's all about looking at things relatively; and each trader has their own setup, rules and approach to risk management.
Check back after the market closes to see how things went. Sometimes, the price might not touch those lines for a day or more. You have to remain patient.
Disclaimer: Trading and investing carry risks, and you should consult with a qualified financial professional before making any investment decisions. Any charts or patterns mentioned are for educational purposes only and do not guarantee future results. Past performance is not indicative of future performance. Always conduct your own research and consider your risk tolerance before engaging in any trading activities.
Vedanta today sell given from 277 , SL 284 targt 255 , 243 ,220On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Symmetrical Triangle Pattern VEDANTA Stock AnalysisThis stock create a Symmetrical Triangle Pattern . So it will break upper side also lower side.
In lower side our holding Stop loss will be at our support area 251-252.
Above 262.90 it will be bullish .
Now 262.90 is our resistance.
Todays move:
After a down move price take retrace at the trend line and make a good up move for intraday.
VEDATNTA Announce Dividends 1.00 rupees per share on 27 December 2023 .
VEDANTA WEEKLY GANN LEVELS CHART NEAR RESULTS UPDATED 25/01/2024VEDL has made a double bottom around the level of 206.00. Before that it has retraced to 50% levels at 323.40. After double bottom it has now retraced to 25% levels at 264.70.
his is the main level to watch as trend decider. Above 264.70 it may show recovery. Below 264.70 it may show sideways to negative price action. It needs to gather the energy to break 264.70 level decisively.
Happy Trading !!!