VEDL trade ideas
Break Out Trade in Vedanta LimitedDate: 7-Feb-2022
Rating: Buy
LTP: Rs. 366.65
Target: Rs. 385-->440
SL: Follow the trailing SL indicated by the moving averages on closing price basis.
Vedanta has created a break out from the current secondary trend as well as its long term resistance level of 355 with increased volume. EMA, MACD and RSI are giving bullish signals.
Disclaimer: Investing in stock market is risky. One should do a self analysis and validation before investing in stock market.
VEDL Ichimoku Bullish Breakout Stock Name - VEDL. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness.
More strength will be visible once it will cross the today's high of 440. Worth to keep in watch list for coming days
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Rule Based Investing
# Ichimoku Cloud
# Ichimoku Followers
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