The Flag Formation in Vendanta Vendanta has formed The Flag Formation, since Flag formation is just consolidation in the trend and it means after the breakout the trend is gonna continue. Just wait for the breakout.
#Education Purpose Only.
VEDL trade ideas
VEDL - Monthly BreakoutVEDL successfully Breaking out of Multiyear pattern (11 Years old TL) on closing basis.
VEDANTA LTD.In Today's session Vedanta Ltd. is on the way to give Beautiful breakout of previous swinghigh .
11 YEARS BREAKOUT IF IT CLOSES ABOVE 300 WE CAN SEE A NICE UPMOVE
TGT ARE MARKED ON CHART
1-2 MONTHS
vedl : breakout trade setup!!!VEDL : CMP 272.25
trade set up :
1. buy above 274
2. stop loss 269 on closing basis
3. target expected 296.40+
(weekly pick breakout swing trade)
technical buy based on :
1. symmetrical triangle pattern.
2. breakout buy
VEDL, Will VEDL make this time?VEDL at its multiyear TL resistance, Safe to go long above psychological resistance 300 DCB
Buy VedantaMACD showing strength
outperforming broader markets
Metal sector looking good
Vedanta has given breakout from its short term consolidation range.
Things looking good.
Vedanta to run towards Rs405 by Nov-Dec'21NSE:VEDL has given good breakout and will keep pushing on high towards Rs405 levels by November/December. Steel sector along with metals is in supercycle of bull phase.
Keep in watchlist, use your risk management along with entry strategy to enter the trade if you feel like.
Vedanta - Montly Chart Key highlights
1) Rsi above 60 bullish
2) Double Bottom bullish Pattern
3) Volume expansion below positive
4) For entry wait for the breakout and a possible retracment or retest you can entry for one year period
This Chart is shared for study purpose only
Pls consult with your financial advisory before investing do your own analayis.
Thank you
vedanta buyBuy from cmp to 260
eay target 270
tg2 - yours
Disclaimer : This is my personal analysis for study purpose not intended for trading
vedl breck a consolidation piriodnaw is good time to buy a stock target 290 stop loss 265
breckout tranguler shape
only education purpose
VEDANTA LTD, 11 YEARS PATTERN Breakout is PossibleVEDANTA LTD is at very crucial level, It is forming a pattern from last 11 years. It can move to any direction, take trade after confirming with your rules and system, check on Weekly, Daily and other smaller Time Frames for better and clear understanding, as it is also taking support from moving averages on different time frames.
MOREOVER, TRY TO LEARN SOMETHING.
VEDL: 67 Days of ConsolidationNSE:VEDL
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
VEDNATA - Awaiting BreakoutTriangle Pattern. I expect a good move here.
Hopefully it breaks on the upside.
