VEDL trade ideas
VEDANTA LONG 109 IS A CRUCIAL SUPPORT FOR THIS STOCK IF IT TRADE BELLOW 109 WE CAN SHORT IT AND TARGET WILL BE 100
IF IT DOES NOT BREAK THE 109 LEVEL IN UPCOMING DAYS WE CAN SEE A GOOD BULLISH UPSIDE MOVEMENT TILL 126
Expect One more move down I am looking this will have one more move down
The scrip is in its last move down , One can expect this move to take place in two distinctive manner
01) It will be extremely sharp in price movement based on current structure that is possible
02) It will keep dropping very small by small by small in price movement
Which one will occur i have no idea , but this down move is coming , One can position for short sell set up and look to book in case of sharp move book at or before the target price , In case of small moves book with trailing stop method
VEDLIt has activated a C Clamp in Daily Time frame suggesting 149 as a possible level which coincides with 50% retracement of Bullish Alt Shark. In hourly time frame it has taken good support near the Kumo. View negates below 139
VEDLIt is showing signs of reversal from the PRZ of 2 Bullish Harmonic Patterns: Gartley & Alt Shark. If it sustains above 132 it could retrace till 145-150
VEDL : Bullish Shark 29-JAN-2020
VEDL : Bullish Shark 29-JAN-2020
CMP: 142.20
Entry : 139.80 - 137.20
Targets : 143,148+
Stop loss: 134.80
Chart by : Karthikdeva
Long VEDLLong VEDL if Fibonacci Support is Sustained
On 5 Min Charts Support was broken but Trend Line gave Support
The market is trying to bounce back
If Fibonacci Support is sustained markets may show good up move
Max Pain is also at 155 Level
VEDL may show bullish move
So if Support is sustained,
Short 145PE @ 1.075 ( 1 Lot )
Short 150PE @ 2.875 ( 1 Lot )
VEDANTA TREND REVERSAL POSSIBLE VEDANTA AS PREVIOUSLY RESPECTING .786 RETRACEMENT.... TOMORROW CHANCE OF REVERSAL OR IF TREND CONTINUE DOWNWARD THAN WILL FOLLOW BULLISH CYPHER PATTERN.
