VEDL Breakout Fail JP Morgan downgrades Vedanta to neutral, cuts target price
VEDL Chart analysis , Triangle Breakout Fail on Weekly Time Frame ,
VEDL trade ideas
Vedanta Long Opportunity If breakout this 75 min Symmetrical Triangle then we can go long up to 298.
Trade at your own risk.
An idea for investors (positional only)VEDL has given a 4 month range breakout and closed above 200 EMA after more than 4 months.
Today it has tested its 13 month trendline and closed above it.
Buy above 301 (positional only) and carry on day closing basis.
It can retest the latest range as well below moving up so one can add on dips till 287.
Positional targets would be 315, 324 and 337.
This is not an intraday recommendation.
Learn & Earn,
Dr. Tanya Kumar
VEDL ready to Bullish#VEDL buying Closing 295.8 with a stop loss of 283 then targets are 320-360.
#Buying #Reason.
1 --> Price is ready #Breakout.
2 --> #Price above all #ema.
3 --> #RSI is Above 60.
4 --> #ADX is show the #Upside move and +DMI rise.
5 --> #Volume is show the #breakout.
#vedl #vedanta #breakout #rsi #adx #volume #trend
VEDL:Trend Continuation + Elliott (ABCDE) Correction Triangle.NSE:VEDL
Vedanta Ltd. has been in a consolidation zone for more than 2.5 months after a bearish trend and there is also 5 waves correction triangle is forming.
Some more confirmation is mentioned below:-
1. The price will face resistance of the 200 EMA zone.
2. The volume is not supporting the Up movement the volume is declining and the price is increasing this is a sign of weakness in the up move.
3. Previous bear trend + consolidation triangle most likely a second leg down to the down.
Multiple resistance on the upside gets a better chance to short instead of going long.
:-Entry should be based on some reversal candle on the respected chart of 4 hour and break of that signal candle.
:-Stop loss should be above some points of a resistance Zone.
I hope you like the idea.
please like and comment with your views on this idea.
Keep learning,
Happy trading.
Thank you for reading.
Vedanta To Reach ₹500/-? ALL TIME HIGH?Vedanta Long Term Bullish Cycle About To Start. Here's Why :
1) Vedanta has has corrected itself
2) After correction it has created a base
3) Base is also formed into the monthly demand zone and structure.
So Vedanta will explode to the upside like a raging bull
VEDL breakout It appears that VEDL has broken out of a symmetrical triangle pattern on the chart, which suggests a potential bullish uptrend with a target price of 300. Today, there was a retest of the breakout level. Please note that this is not investment advice, and I recommend conducting your own research and consulting with a licensed financial advisor before making any investment decisions. If you're interested in more trade ideas, feel free to follow me.
vedanta - buy on dipsBuy < 281
easy tg - 286
positional tg 295
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Stay away from longs.I have seen counts of many Elliotticians on #VEDL from the low of Jul'22 i.e 206, marking it an impulsive move.
But to me, it seems more like a correction.
Rest the #Market will clear itself. Wait N Watch.
VEDANTA - Chart Analysis || 15th April, 2023 #stocks Analysis Criteria Used:
1. Please find the Chart Analysis done for VEDANTA or VEDL as requested by one of our viewers
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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Inverted flag & Pole in Vedanta ltdMy first analysis...may be wrong also...weekly timeframe... Possible breakdown of structure
neutral to bearish toneVEDL is neutral at the moment with both bullish and bearish signs
1. a long term 600%+ rise - bull
2. 51 % correction from top - bear
3. classic bull divergence between rsi and price - bull
4. minor hidden bearish divergence between rsi and price
5. a down flag/pennant consolidation
6. RSI is in downtrend
the price is moving with contracting bases challenging the resistance forming an ascending triangle but it got invalidated by a sharp fall, a sell on rise till the resistance taken out decisively.
VEDL Support 254 n 200VEDL is a very good company
all investors are happy with management as due to distribution of Dividend on time to time
However we should focus on n 📢 too.
till hold Major Support 200 than it's like buy on every dip.
also it's forming patterns of 2020 2021 than moved 300% Upside.
Our view go long fresh near 208 216 with Stop 200 WCB
Vedanta At Breakout ?Vedanta's stock may be reversing its downtrend and starting an uptrend. Technical analysis shows a potential reversal head and shoulders pattern forming in the stock chart. This pattern signals a possible trend reversal when a stock is in a downtrend. It consists of three peaks, with the middle peak being the highest and the other two being lower and roughly equal in height. The pattern is completed when the price breaks above the neckline. Vedanta's stock chart shows a formation that resembles the reversal head and shoulders pattern. If the pattern is confirmed and the price breaks above the neckline, it could signal the start of an uptrend.
VEDL for 30%(approx..) Gain One can check VEDL for 30+ % Gain as the chart is showing. it is symmetric triangle breakout but market is too volatile so please must have a SL near 20 EMA or as per your comfortable. but still the volume is not supporting as per the requirement.
CMP : 330
TG : 430
SL : Below 20 EMA
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
Cyclical VEDLI have been monitoring and regularly profiting from these long term cycles in metals.
Now that downward phase is going on will be waiting till Dec to see if can do some bottom fishing in metals.
For those looking to short this is good candidate.
H & S Sell Vedanta LtdIntraday sell possible in vedanta ltd
15 min chart showing reliable head and shoulder pattern
VEDL IN CORRECTIONVEDL has completed 1-5 impulsive wave and is in correction which will form ABC pattern.
Wave 3 of 'C' wave is over and wave 4 is in progress. Wave 4 may end between 295-297 from where wave 5 will start. Opportunity to sell call or buy put at 295-297 levels.
Wave 5 may will reach at 256 level or even may go further down if volumes are not increasing.
this is only for educational purpose. We are not responsible for any loss or damage caused.
Crucial Days ahead for VedantaVedanta looks in a lot of financial stress and shorters are now behind this stock. Coming days will be crucial and in my opinion, 250 should be kept as a stop loss in this share if you are already invested. Do not jump in unnecessarily.
VEDL is BearishSell VEDL closing 294.45 with stoploss 305 then targets are 280-265.
Selling Reason.
1 --> Price Breakdown of 200 EMA and Also Break the Support Trendline.
2 --> RSI is close below 40.
3 --> ADX is show the Bearish move and -DMI is rise.
4 --> Volume is also show the Brealdpwm with the volume.
