VEDL trade ideas
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.
VEDL - Bullish Shark - 1D - TFBullish Shark on Daily Chart of Vedanta Ltd.. BUY around 170.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
Vedanta Limited Trading IdeaVedanta Limited Daily Chart
Trading Idea for Intraday
Go Short below 174 for target of 171-170 Stop Loss 176.5
Go Long above 176.50 for target of 178-180 Stop Loss 174
By CA.Mahim Dangi
