Vedanta...seems good to buyThe stock is now out of consolidation zone.RSI is above 70 and a recent breakout has also taken. The stock is expected to reach the targets shown on chart.
VEDL trade ideas
VEDL bullishweekly charts ,bullish, positional buy.
copper is up
Crude is up
Zinc is up
Aluminum is up
ALL IN ONE
VEDANTA... WATCH FOR A BREAKOUTA symmetrical triangle pattern in Vedanta. Target should be previous high level. Risk reward 1:5.5
Break out Vedanta gave a Breakout from the trend line. Look for retest entry in this counter . Possible 14% move. Entry will be 298 sl -282 T1- 317 T2- 341
1:2 R:R for Vedanta from Current Level expected1:2 R:R for Vedanta from Current Level expected. Trendline break.
VEDL SYMMETRICAL TRIANGLE BREAKOUTNSE:VEDL
VEDL gave a breakout from the symmetrical triangle pattern on 4th October with higher than average volume and after giving one green candle after the breakout it retraced back to the downward sloping line and it started retesting. It didn't breakdown below that line confirming that the uptrend is still in place.
vedl symmetrical patterngo aggressive in this time .cuz vedl in news . the news is demand is started for copper and alumin
VEDLNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Vedanta Triangle Breakout ;Start of Bull Move Vedanta daily chart shows a breakout of triangle formation with good volume; Can buy at 300-305 with Target of 340 and above . SL : 290
buy opportuniy1.fag pattern break in upper side then buy
2.entry when near 275 price because high support level
3.take position and enjoy profit
VEDANTA : Stock To Buy For Swing TradingIf vedanta gives breakout and price siustained above 295 then it will be a good stock to long for swing trading.
Metals look to bounce back ! Vedanta in spotlightWith DXY coming down ...metals will again look to shine ...Go long on Vedanta for a target of 310 ...stop at 293.
VEDANTA (VEDL) Stock AnalysisThe stock price is at major RESISTANCE and it is tested many times. It is also trying to the making of DOUBLE TOP PATTERN. If there is any reversal candle then short trade can be initiated and we can confirm the double top pattern. But for going long you should wait for the closing of 15 min candle with good volumes.
HOW DOUBLE TOP PATTERN WORKS
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
KEY POINTS
1. A double top is a bearish technical reversal pattern.
2. It is not as easy to spot as one would think because there needs to be a confirmation with a break below support
vedl bullishvedl will remain bullish till the three white soldiers' first candle low does not break and maybe it consolidate at this point because of the good rally. but remains bullish
