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VEDANTA LTD

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VEDL trade ideas

VEDL detail analysisVEDL is overall in Bearish Trend on higher timeframe. See the below chart for EMA and RSI correlation. EMA:- - Its below Daily 200 EMA (White Line). - Its below Weekly 200 EMA (Green Line). - Both these Daily & Weekly EMA's may now act as Resistance. - So i am expecting price to again reverse downside from 256 level. - Price is above Monthly 200 EMA (Red Line). - I am expecting price to fall back to this Red line and reverse from here @185-190 level (Support Based Trade). - Expecting an upside only if its breakout above 256 and retest 256 level as support (Breakout Trade). RSI:- - Daily RSI (White Line) bounced from oversold zone (RSI 30) and now above 65+ level. - Weekly RSI (Green Line) bounced from oversold zone (RSI 30) and now near 46+ level. - Monthy RSI (Red Line) bounced from support (RSI 40) and now near 45+ level. - So overall if i see Daily RSI may reverse from 70+, Weekly & Monthly RSI may reverse from 50. - Now correlate that price rising from current price to 256 may lead to Daily RSI hitting 70 and Weekly & Monthly RSI hitting 50. A good setup for reversal downside. So 256 may act as Resistance and Major Breakout level. TRACK 1 - shows the Breakout trade above (Skyblue Track). TRACK 2 - shows the Support Based trade near 185-190 (Yellow Track). Support & Resistance:- - Major support level is at 209-210 from where VEDL price has bounced back. - Supertrend Red colour line shows resistance at 256-257 level. - Resistance Levels are 246 - 282 - 317 - 357 - 397 - 440. - Support Levels are 232 - 209 - 187. - Red Trendline Resistance marked is the make or break for price. - If successfull Breakout above this Red Trendline with retest done and volume supporting Breakout (Buy). - If rejection from this Red Trendline the price may fall to 185-190 Support zone (Buy). So as per my analysis:- It took support from major support level. But if you correlate it rose and fall back again and again from resistance (in downtrend). as per my analysis its a limited bounce and expected to fall back again. Wait for Breakout or fall to Monthly 200 EMA for long posn or accumulation. For Positional or Long Term Buy 185-190 Stoploss 158 Targets 242 - 282 - 317 - 357 - 397 - 440. For Swing Buy above 249 or above 257 Stoploss 228 Targets 270 - 282 - 317. This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. We are not SEBI registered. Happy Trading :-)
NSE:VEDLLong
by MasterTrader1949X
1
VEDANTA ITB Stock Analysis: Bearish Trend Continues VEDANTA ITB stock is currently in a bearish trend. The stock has been declining since reaching its peak in april 2022. The decline has been accompanied by increasing trading volume, which suggests that there is more selling pressure than buying pressure in the stock. The following are the findings from the chart: The price of VEDANTA ITB stock has been declining since reaching its peak in april 2022. The decline has been accompanied by increasing trading volume. This suggests that there is more selling pressure than buying pressure in the stock. Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
NSE:VEDLShort
by TRADING-NASA
VEDL can break multiyear consolidation.NSE:VEDL VEDL is consolidating for near 13 years now. For these many years consolidation means complex correction in Elliott Wave Theory. I label the counts on chart it's clear that VEDL is on last phase of WXY corrective wave. But wave Y is not yet completed I think. I think VEDL will go near demand zone at least for completion of wave Y which is also near 200 day exponential moving average. Wave 3 is always strongest in price movement and in volume. So, after wave Y wave 3 of Supercycle wave will start to form. In most of cases after this many years of consolidation stock moves sharply in it's main direction and in VEDL it will be bullish. Good For Long Term My targets for VEDL are:- 1) 800/- which is 1.618 reverse retracement of Supercycle wave 1. 2) 1300/- which is 2.618 reverse retracement of Supercycle wave 1.
NSE:VEDLLong
by swaaapnil
2
VEDL Stock Analysis and Big Demerger NewsHi Friends, I'm getting queries from many people and so many traders are in panic who are holding VEDL shares. We observed that VEDL looking week since Jun'23 specifically after declare dividend. I'm already shared levels of 205 to our clients and accumulated more qty yesterday. What you should know:- Big News Vedanta announces demerger to split business into six listed entities Vedanta announced creation of independent verticals through demerger of underlying companies, mainly its metals, power, aluminum, and oil and gas businesses to unlock potential value. As stated, the company plans six separate listed entities, namely: Vedanta Aluminum Vedanta Oil & Gas Vedanta Power Vedanta Steel and Ferrous Materials Vedanta Base Metals Vedanta Limited Vedanta added that the de-merger is planned as a vertical split, for every 1 share of Vedanta Limited, the shareholders will additionally receive 1 share of each of the 5 newly listed companies.
NSE:VEDLLong
by rohitnama3
Vedanta Ltd NSE: VEDLNSE:VEDL ltd looking bullish upcoming days, yes I know 03 Aug. 23 was a huge selling volume but the 205 to 199 area would be a stop loss and the target would be as per blue and orange lines as a fib-retracement. As per me blue line indicates weekly time frames and the orange line would be the daily time frame. it's a little risky. stop-loss > 205 to199 . Target > ***** The Blue line as per fib retracement at a weekly time frame, i believe the weekly time frame achieves our target. ** The orange line would be a daily time frame fib-retracement. thank you. this as per me, if you have any doubts please ask in the comments.
NSE:VEDL
by Tradingyourzone
4