VEDL trade ideas
VEDANTA CHARTBullish Shark Pattern formed.
Also Bullish Engulfing formed @downtrend.
So it represents Bullishness in Stock.
Long above 139.25
Targets are 139.75,141.1,142.9,144.8,146.55,148.1,152.2++
SL-138
Sell below 136.45
Targets are 134.4,129.3,125.3,127.55
SL-138.35
Descending Scallop but Other ObservationsPrice movement at the current level makes the chart very interesting. It has formed Descending Scallop pattern and gave breakout with good volume that could have drag the prices to 120 level. However it made a strong bar yesterday and thus formed divergence in RSI oversold Area. So I would prefer to consider it a failed Scallop breakout pattern and look for a opportunity now.
One can go long at the current level by providing Stop Loss of recent low and look for a target of 160.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
VEDL || SHORTSome institutional sell is going on, we may see some downtrend if it continues
If it breaks 153 level, then we may see 143, 135
Possible UPSIDE for 151/157Price can breakout from hourly downtrend. One can enter after 146 with confirmation for 151/157. Although price on hourly is down however as it is squeezing possibility of breakout is there. Short below 140 for deep downside till 120.
VEDL: Symmetrical Triangle Breakout!Vedanta has been in a down trend for about a year and half. This stock has been consolidating in the form of a symmetrical triangle which now appears to be broken. It does look like a good opportunity to join this SHORT ride!
Vedanta is bottomed out. There is divergence seen in vedanta ( both in RSI & MACD). The has very high probability of going up from here.
VedantaBuy above 155 with the stop loss of 153. Targets are 157, 159 and 161.
Sell below 153 with the stop loss of 155. Targets are 151, 149 and 147.
VEDL, BEARISH FLAG PATTERN BREAKOUTVEDL,
BEARISH FLAG PATTERN BREAKOUT.
WAIT FOR THE PULL BACK AND LOOK FOR BUYERS EXHAUSTION AND LOOK FOR SHORT OPPTURNITY.
SHORT=170
TARGET=145
STOPLOSS=180
RISK TO REWARD=2.5
Intraday stock for 26 July 2019VEDL has shown a good support at 161 and resistance at 169
but it has given a breakout on resistance yesterday with good volumes
so I hope a good intraday movement today on 2/3 mins time frame
Apply any tsl based script to get 1% easily
VEDL HAS UPTRENDNOW IT IS IN RESISTANCE LEVEL IF IT BREAKS THE RESISTANCE LEVEL R1 THEN IT HAS A CHANCE TO REACH RS179 WHICH IS R2 POSITION.ALSO IT HAS A CHANCE TO BREAK HORIZONTAL CHANNEL.
Bullish Butterfly VedlBullish Butterfly Vedl
Prz - 153.20 - 155.60
Sl - 152
Target 1 - 158
Target 2 - 160
VEDL VEDANTA -- WAIT AND WATCH ACT ABOVE 172 FOR BUY SIDEVEDL IF CROSS ABOVE 172 WITH WIDE RANGE BAR AND SUSTAIN THAN PROBABLE BREAK OUT .....
CURRENTLY VIEW IS FOR WAIT AND WATCH
