VEDL trade ideas
VEDL " LONG Opportunity "Hi all, VEDL possible completion of expansion structure Look for Buy opportunity above 168
***Use Proper Risk and Money management Rule if you don't had a one please LEARN IT !!!! and meanwhile watch the play don't trade
"Market is Full Opportunities "
If you have any Question feel free comment below and don't forget to check out my other ideas too
Thank you for your support
--Prabhu Rajarathinam
Short Term UpsideLike I mentioned in the earlier post, my view is that Vedanta will try to move up side after each consolidation. I see a 1 hour consolidation has possibly ended and its now trying to head higher. In the short term, I expect Vedanta to move back to the top to the 195 levels and beyond before another round of consolidation.
VEDL inside bar trade Long 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.
