VEDL trade ideas
good for holding 1 weekBUY @ 253
SL@250
TGT@263
ENTRY CRITRIA:
ONLY IF PRICE RESTS AT/ABOVE 250 THEN BUY AT ONLY BULLISH CANDLE CLOSING.
LOOK FOR VOLUME TO INCREASE THEN PREVIOUS CANDLE VOLUME .
VEDL | Trendline support (Similar to our Voltas chart) 10-30%VEDL | Trendline support (Similar to our VOLTAS & TVS charts) - 10-30%
CMP : 266
SL : 250
Target : 295, 345
If you see weekly chart - you will get the reason for second target level.
VEDL Technical analysisReason 1: It is taking support at long time trendline
Reason 2: we could evident a channel pattern which look so strong from the past month.
Reason 3: CONFLUENCE The support line of channel pattern is meeting with long term trendline as you can see in chart.
Reason 4: Emerging of morning star candlesticks right away at the confluence.
Reason 5: we could also spot a RSI divergence in lower time frame (i.e) 30 min or 1 hr
It is purely for educational purpose and one can consider trading at their own risk.
Bullish candle on trendline supportThere is upward trendline support in this stock and a bullish candle is also formed on this line. Can be bough for a target of 295.
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Happy Trading :)
Vedanta - Bull flag + Symmetrical triangle. BO soon! Key Highlights:
1. Potential change in MS underway
2. Still in consolidation mode
3. Symmetrical Triangle pattern
4. Flag & Pole formation
5. Early entry will give a better RR ratio
6. Support zone: 262-267
7. Target: 296, 320, 332, 350. Stop loss: 263
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Symmetry triangle formation VEDL is forming a symmetrical triangle shape.in coming days it is to watch out if crosses the upper line.that we a breakout if it cross the line.to be added in the watchlist
vedantaCmp @275
good positional pickup
price hasnt give thebreakout
but the rsi has
so technically price to follow rsi
targets 295++
My swing picksPrice making a Triangle pattern , after the break out or break down in triangle pattern a rally can be expected in that direction
MULTIYEAR BREAKOUT OF VEDLVEDL is going to breakout from 11 year trendline. Very good entry point is at the trendline level and minimum target would be 491.
