VEDL has given H&S Breakout in daily chart with favourable RSI and Volumes.
Can buy now for Short term target of 280.
PS: Just for educational purpose.
This stock create a Symmetrical Triangle Pattern . So it will break upper side also lower side.
In lower side our holding Stop loss will be at our support area 251-252.
Above 262.90 it will be bullish .
Now 262.90 is our resistance.
Todays move:
After a down move price take retrace at the trend line and make a good up move for intraday.
VEDATNTA...
VEDANTA weekly chart....price is making a hammer at the lower end of the falling channel....holding the lows here might probably give the move towards 250-280 short term...cmp 222
VEDL has made a double bottom around the level of 206.00. Before that it has retraced to 50% levels at 323.40. After double bottom it has now retraced to 25% levels at 264.70.
his is the main level to watch as trend decider. Above 264.70 it may show recovery. Below 264.70 it may show sideways to negative price action. It needs to gather the energy to break 264.70...
Vedanta 11% upside in Feb Series Possibility
Based on Weekly Channel ... 11% upside is possible in next 5-6 weeks.
LTP - 262.55
Targets - 295+
SL - 250
Happy investing
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
NSE:VEDL is a global diversified natural resource company operating across segments which are Copper; Aluminium; Iron Ore; Power; Zinc, Lead and Silver; Oil and Gas, and Others.
TTM EPS: 23.65
TTM PE: 8.84
P/B: 0.94
Mkt Cap (Rs. Cr.): 77,689
Dividend Yield: 48.56
Sector PE: 6.57
Book Value Per Share: 222.49
My Opinion: Vedanta, once soaring at an all-time...
* Script is at the supply zone in a weekly timeframe
* Fib support at 78.6 level.
* RSI at around 20 level
* Upmove to the possible supply zone of 270+ on the horizon
Note: This is purely my personal view and not a trading recommendation.
VEDANTA Weekly chart Flag Pattern Breakout - 1100+ Possibility in 4/5 Years.
Vedanta can be a Multi bagger with 4x possibility in 4 Years.
Happy Investing.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
One of those stocks i am calling high risk high reward coz of the debt issues with the parent company and the promoter trying to sell some of those parent co assets to his Indian listed entities.
But as an entry it cannot come as a lower risk entry (200EMA & 200WEMA crossover).
The trade could literally be taken with a 1-2% SL because of the crossover of the...
