VEDL trade ideas
VEDLVEDL(Weekly) :- Breakout done at 246 Target 500/550++ with Stop Loss 200 Below
1) Multiyear Breakout :)
2) Finally Break HR Zone In 4th Time
VEDANTA Channel NSE:VEDL Levels are Mentioned in the chart... Look for Swing above channel or mean reversal...
Note:
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VEDL - Target Reached after the breakOnce after breaking the resistance price tested the breakout level and then moves up to the target quick as shown in the analysis.
Now one can expect the price to hover around the resistance levels and once it breaks this levels and sustains then chances are good for 300+.
VEDANTA Looks Good !!!VEDL : cmp: 228.75
Trading near the resistance zone of 231.55.
if it surpasses this level and sustains above that then a huge short covering possible.
And it may go upto 266 lvl .
So keep on radar !!!
TGT 238.25/246.35
SL 213 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
VEDL triangular pattern breakoutVEDL triangular pattern breakout if price sustain above 230, Target 244~246 can be achieved. stop loss can be on below triangular, Rs.219
Educational purposeBreak previous resist & consolidate upper zone
if break & sustian 232.40 go for long
SL 225.10
tgt-245,249.50
Vedanta - Watchlist - Buy CandidateStock is less than 3% away from 52 week high and has been consolidating within a tight range of 4% for whole of last week. Average 10 day volumes of around 22M. If stock breaks above last week's high on decent volumes a buy could be initiated with SL 10% away.
