VEDL trade ideas
VEDANTA LTD, 1D - Bullish Marubozu BONSE:VEDL Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, India, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha.
VEDL, 1D gave closing above Marabozu candle. The stock also formed triple bottom at 232 level and gave closing above neckline of triple bottom.
Entry : 241.40
Target : 255.50
SL : 231.50
RR : 1.4
VEDL Buy range activated @236VEDL is considered a very nice stock as an investment. Because of the recent event of the bulk stock selling, everyone was in panic condition. But Now, there is no need to worry. VEDL is having a support Zone @ 232. It's taking nice support from that point.
We can invest in VEDL by setting the Stoploss as 228. and keeping the target open.
As it's a dividend payout stock, it will provide you with quarterly income, and capital appreciation will also be there as the stock price rises.
RSI Diversion: RSI also shows a continuous rise in strength, as shown on the chart.
Buy Price: 236
Stop loss: 228
Target price: 265 (Target 1)
THE PAIN IS ABOUT TO END HEREThe correction in the stock is about to over.
The long correction, took over a period of year or so...
But it shuld turn around for a bullish move from here on.
Keep an eye on this, we can just start accumulation slowly before we get confirmation.
Will keep updating going forward.
All the best guys.
$NSE:VEDL Will try to Take support ShortlyDear Followers
I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:VEDL you've been following. The stock has recently taken support at a key level Near 225-230 and if its break this support then another support will be near 205-210 Level. indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Stock Name- NSE:VEDL
Support Level- 225
Entry Point- 220-225
Stop Loss Point- 195
Target Point- 270,290,320
Time Frame - 6-8 Months
I closely monitoring the stock's movement and will continue to provide you with timely updates as the situation evolves. If you have any questions or would like more detailed insights, please don't hesitate to reach out.
Thank you for entrusting us with your investments. We remain committed to helping you make informed decisions.
Best regards,
Ajay Metha
VEDL India - This one goes onto top of the tracking listVedanta has a few things going for it
Bears tried to bring the stock down a few months back and failed. News of fund raising kept it high
News of capital efficiency is coming in and news of a new fund raise by selling off steel assets
COnsolidation on a weekly and daily basis - the stock seems to be waiting for some news
Results will come soon but the last 2 results have been fairly irrelevant - this is now a special situations play
Am tracking this stock closely - any upshift in momentum with volumes is a cue to get onborad
Disclaimer - Trading is inherently very risky and by some estimates 95% of traders lose money. The ideas professed here are only for education and information - they must not be construed as investment advice. Please do your own research before putting any of your capital at risk.
EXCITING BULLISH PATTERN📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Ascending Triangle
📌 Symbol/Asset: VEDL
🔍 Description:
Stock with Strong Hourly Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.