Clearly visible sentimental extreme on Vedanta Limited - followed by a story of demerger (the knight in shining armor). Another great signal is a strong bullish engulfing pattern into the closing today. Long-term wave count: Stupid as these may sound but we have a potential target of 1500 on this stock - may be higher.
Vedanta May fall to given line .. it may take 2-3 months ..
VEDANTA currently doing his weekly correction correction will end at 0.385% high chance another level 0.63% low chance
Price is At Support and Most probably strong enough to go Upwards till the consolidation phase.
I have did analysis as per fib on Weekly chart , VEDL now trading on Golden Zone , If breaks it down then we will long move downward, if gets revers by net week, We can see a bull up side
Chart is self-explanatory. Make appropriate Stop loss. - Short term plan shall be 3month.
educational purpose only: vedanta 3 year support rsi at 35 and below(near 30) may pull back to upper resistance level marked on chart.
NSE:VEDL Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, India, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha. VEDL, 1D gave closing above Marabozu candle. The stock also formed triple bottom at 232 level and gave closing above neckline of triple bottom. Entry :...
Vedanta seems to be at 3 yrs support trendline. A uptrend soon is expected if fails can go to 224 ...210 or if manage to cross long-term resistance line then 250.....280 Let's see next week
Vedanta CMP: 283 If this flags breaks down we can see 245/209 levels.
VEDL is considered a very nice stock as an investment. Because of the recent event of the bulk stock selling, everyone was in panic condition. But Now, there is no need to worry. VEDL is having a support Zone @ 232. It's taking nice support from that point. We can invest in VEDL by setting the Stoploss as 228. and keeping the target open. As it's a dividend...
The correction in the stock is about to over. The long correction, took over a period of year or so... But it shuld turn around for a bullish move from here on. Keep an eye on this, we can just start accumulation slowly before we get confirmation. Will keep updating going forward. All the best guys.
VEDL may be give 14 percentage Profit, This post not recommended, only for Educational purposes.
NSE:VEDL Metals are rallying but No Bullishness in this stock.. need to ripe a bit.. Value zone 210.. Bullish zone above 245.. Some RSI Divergence on Daily, but negligible.
Dear Followers I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:VEDL you've been following. The stock has recently taken support at a key level Near 225-230 and if its break this support then another support will be near 205-210 Level. indicating a potential opportunity for a short-term trade. my analysis suggests...
we expect it increase from here if you got dividend you can decrease stoplose also assume that minimum 1 month time period to next quarter results
Stock is in down trend with huge volume BD post semiconductor news, trading near to support 1, any further BD will lead to zone 2.