Vedanta Ltd for LongVedanata Ltd is taking support from the trend line and is having a good resistance at level 316 to 318. A good opportunity to trade after the breakout
VEDL trade ideas
Vedl in channel its good for intradayWhen Vedl Touched Rej. Line it coming to take spt. dont buy if break channel there is a strong rej. With Red Line Sell if open near Rej. Line in channel and buy when take channel spt.
Vedanta VEDL Steady...The stock behaviour is within the support and resistance for a 6 month period, but still we have to wait for the uptrend. Their profit multiplied, that's promising on the contrary SEBI recent warning can have an impact so wait for your entry.
Expecting Bounce back This scrip is expected to give bounce back as it is on the trendline breaout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Bearish Flag in Vedanta HourlyOne can clearly see the formation of Bearish Flag in VEDL hourly chart.
Break down awaited.
Upon BD can touch app 308, 270.
Invalid on close abv 332.60
Trade as per price action.
VEDL ON 21 EMA SUPPORTVEDL is on 21 ema support on daily chart let see whether it hold this support or break it
#VEDLSimple close within the candle range 374.75 gave
a swift move towards the candle open (345.25)
and Retest ICMC Breakout Level 342.45
Vedanta Break-Up Final Target - 495Vedanta will reach T1-387. If its broken the monthly Break-Up then it will reach final Target 495.
VEDL: BULLISH TRIANGLEUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern.
TRADING STRATEGY:
BUY VEDL: 320. SL: 300. TGT: 340/ 360-65
POSITIONAL #KASH_STOCKVEDL
The stock can give a breakout of rounding bottom pattern on the weekly chart above 342. If it manages to sustain above 342, we can expect a good move in the stock and can see 400+ levels.
Please do your own study before any trade.
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 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.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
