VEDL trade ideas
Vedanta Ltd.Vedanta Ltd.
Vedanta Limited is one of the world's leading diversified natural resources companies. The company's main businesses focus on zinc, lead, silver, aluminum, copper, iron ore, oil & gas, and commercial power. Its operations span across India South Africa Namibia Ireland and Australia. Vedanta Limited is the Indian subsidiary of London listed Vedanta Resources Plc.
TECHNICAL ANALYSIS.
Time Frame - 1D
1. Stock gives the breakout of the previous swing high.
2. Stock is within the 52-week high zone.
3. Supertrend is positive.
4. Alligators are in uptrend.
5. Stock trading above 20/50/100/200 DMA.
FUNDAMENTAL ANALYSIS.
SECTOR: Metal - Non-Ferrous
1. MARKET CAP - ₹ 1,51,903.34 Cr.
2. P/E - 10.46
3. P/B - 1.83
4. ROE - 14.36 %
5. ROCE - 14.60%
6. EPS - ₹ 39.09
7. CASH - ₹ 4,336 Cr.
8. DEBT - ₹ 38,195 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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Vedanta ready for the uptrend!🤩💸🔥Buy Vedanta for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Future view:
The steady growth in both - volumes and metal prices - along with optimum utilisation of capacity should translate to strong growth across verticals in the coming months. Furthermore, the company’s foray into the mining of critical minerals such as nickel and cobalt with significant potential in the manufacturing of stainless steel and lithium-ion batteries for EVs bodes well for future growth.
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✅Both Technically and Fundamentally strong stock.💪💪
The company recently posted the best Q3 Result.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position gradually as the stock rises.
5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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Like, Comment & Share 😄😄😄
SHORT-TERM BEARISH in VEDL !!#MONDAY#
#SHORT#
NSE:VEDL
@VK2413
{
VEDL tried to break its major resistance but failed.
we can clearly see it on WEEKLY candles.
it is on its way to form HEAD AND SHOLDER pattern.
head is forming form tomorrow....
LEVELS are given on the charts for TRADE..
}
Fallow @VK2413 ,❤️Like,✌️Share.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalVEDANTA give trend line breakout and now testing its Resistance level
Earlier also after the breakout, it test its resistance level and pulled back to support levels, and bounced back.
So the chance of breakout this time.
Save entry will be above 385 levels on a closing basis if gap up then wait for a retracement and then enter.
Can look for targets of 400-420-450, with SL of 340-320.
Note:
Above levels for Education purposes only.
Do your own analysis before taking any trade.
Also in the current volatility situation in the market, Trade with less quantity as the market is still uncertain.
VEDL - Resistance Breakout + Pullback + Fibonacci1. VEDL gave breakout from Trend line on 4th Feb. It moved well and then took resistance at previous peak.
2. It did a pullback to previous resistance which acted as support now & bounced back.
3. Now it is testing same resistance zone around 385, breakout from which can give some push to new high.
4. Plot fibonacci on the retracement to see how beautifully it has again followed it & possible extension targets.
Trade with less quantity as market is still uncertain.
In case of gap up opening above 385, wait for retracement to test 385 zone.
Best case is when stock opens below 383 and slowly moves upward and break 385 with some consolidation.
Thanks
Piyush Gupta
Learn & Earn
VEDL Heading toward all-time highPrice action in Vedanta (NSE: VEDL) looks strong as seen on this monthly chart. The stock seems to have broken out of this tilted trendline and is heading toward All-time high of 495-500 zone. Long can be initiated above 385 for 495 as the target. SL may be kept at Jan'22 low of 307.
Note that this is monthly chart and hence target & stop loss are relatively big. Also, time horizon is 3-6 months.