VEDL - Monthly BreakoutVEDL successfully Breaking out of Multiyear pattern (11 Years old TL) on closing basis.
VEDL trade ideas
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.
VEDANTA Levels ( Intraday & positional)NSE:VEDL
VEDL will be bullish after it crosses and trade above 276. Also it is trading in uptrend channel.
--For Intraday buy above 276. And Targets mentioned on charts are for Intraday purpose.
--For Positional Trade, buy above 276 only and keep next target 296 as per Fibonacci levels.
--If it breaks down the channel then it will go to test the demand till 263. Aggressive intraday trader can short till this level but for safe trader better not to trade in this no trading zone.
--For safe trader it is advisable to short once it break down below 260 with strong Red/bearish candle with volume. Otherwise avoid short in VEDANTA.
Comment below if my Ideas are helping you to understand the levels.
Also comment your suggestion or doubts.
All the best for trading in next week. Have a good weekend.
