Long

$NSE:VEDL VEDANTA FOR LONG BUY TOP TO DOWN ANALYSIS

Updated

Vedanta looks promising and ready for upmove, Cosidering the global scenario and the rise for demand in copper and semiconductors. Vedanta stood strong and our charts also shows a leg up trajectory.
VEDANTA chart have successfully bounced from 0.618 Fibonacci forming a double bottom pattern and currently trading at 269 which is again at weekly support of 0.5 Fib and taking support from upper trendline, Now expecting the price to move from here to 316, 342, 382 and last above 400.
For next 3 to 6 month could expect Vedanta to 300 or above and any dip below 260 is buy. Patience is key and wait till all factors come together.
Please note analysis is on weekly time frame so plan your trade accordingly, These are my POV so please DYOR, and this in not investment advise.

Trade active

Wait patiently vedanta will be one of the rewarding stock of the year. Today VEDANTA crossed 300 with huge volume and with current demand for copper this is the only monopoly stock in this segment.

Note

Boom crossed 316 with descent volume and ready to touch 342 and if you like my analysis do not forget to give a boost.

Note

Now vedanta is almost 33% up from my analysis. Post election this stock will outperform every other stock. Golden Hands in Vedanta. Patience is the key to most of the return in the market.

Note

Vedanta has formed biggest candle ever in its monthly chart, Expecting a small correction and ready to breach 400 resistance, See you guys until next stop at 440.

Please note these are all my POV and please DYOR before any trades, Positioning now is risky in vedanta, but for those who bought at range of 274-290 can start booking profits.

Trade active

I Have Booked 25% profit here, Only weak hands sell here there is lot way more up to go, Vedanta is promising and one of high dividend paying stock. Getting ready to kiss 440

Trade closed: target reached

As you people can see how supprt and resistance works and make wonders, this is not my assumption or forecast, We have just traded the price using price action and technicals. All the target have been reached will try to enter again below 400. Until then thanks for those closely followed my analysis. Still vedanta ha long way to go up, But profit booking is also important. All the way from 260 to 440.

Trade active

CAUGHT VEDANTA AT 387.5 AGAIN TOOK GOOD POSITION AND VEDANTA IS SET FOR NEW ATH.

rahulxvaishnav

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.