VEDL trade ideas
#PA1604 VEDL forming CUP AND HANDLE PATTERN- FOR LONG#PA1604 VEDL forming CUP AND HANDLE PATTERN- FOR LONG
A PERFECT HIT:VEDL SOME CONSOLIDATION & A PUSH HIGHERView posted on 07 Apr 20 for long.
Follow up for the trade
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
VEDANTA Accumulation ZoneVedanta is available at very cheap levels and lucrative price, this can be bought at current
price i.e. 63 till 46 Rs as potential downside level
However one should consult their financial advisor before making any
decision to buy or sell equities
VEDANTA LTD - LONG TARGET 110THERE WAS A BREAK DOWN FROM THE BOLLINGER BAND, TREND IS NOW IN UPWARD AND CAN GO LONG.
TARGET - 110
SL - 56
RISK REWARD - 1.67
LongA very good support is established ,we can trust this support even if there is a false breakout.
Buy range -> 70 - 80
Target -> 180+
vedanta do your own market analysis as well after certain analysis I consider the company is best now to invest
Vedanta After correcting from the levels of almost 160 continuously vedl has given a positive weekly candle close in the previous week closing abv 60. Still the last week's high is acting as a resistance and selling is coming at that level. Expect that the stock is trying to give a breakout and in such scenario's often the long are first cut out by a steep decline and the a bounce is given . Such pattern suggest a flag making and can make a sharp rise if given weekly closing abv last weeks high. :)
Vedanta ready to roar anytime and good pick for long term Vedanta can be accumulated for long term on lower level looks good at this price level . Above 72 will turn into bullish zone , possible target on upper side 84 ,95 and 112 but I am will holding this stock for next 2 year for target of 235.
VEDL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
