Vedanta ltdIt is in the head and shoulder pattern if it rises from current point may be it is h&sh patter
VEDL trade ideas
SHORT TERM : BUY ON DIPS : VEDANTAVedanta might move towards 176.7/185.4 in the short term. A buy on dips strategy recommended for a better risk reward.
SHORT TERM || VEDL || BULLISH BIASBuy Vedanta for a short term on a dip around 149-150 with a SL of 144 and target of 160. A converging Macd and a rising Rsi from oversold region indicate a short term bullish undertone.
Sell Vedl on rise with SL 158.3Sell Vedanta on a rise with a stop loss of 158.3 and targets of 148.5/146 for 13th Feb.
Adjust trading volumes as per entry price.
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