vedanta ltd.Hello!! Vedanta is really a very good stock. it is in an uptrend and now a retracement move can be seen it might be of 10 pt.s positionally and then again impulsive move will start hopefully. #my_view #learner
Vedanta
VEDANTA - On support with Inside Bar - Ascending Triangle#Vedanta is moving under Horizontal channel and now creating the small Ascending Triangle.
Today stock closed above support trendline and created the Inside Bar with 7 day narrow range candle. You can see reversal in tomorrow trend.
Showing Mix result in Technical Parameter:
CCI were trending down but now reversing
RSI were trending down but now reversing
ROC is treading UP
William R% is treading UP
ATR is decresing since 5 day
New Long
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Support : 105 and 102
Breakdown : 107 (OR Gap down opening)
LTP : 109.10
Breakout : 111.45 (OR GAP UP opening)
Short Target : 114.65 and 120
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Positive & Negative Point:
1) Bullish in Daily chart
2) Neutral in Weekly Chart
3) Very bearish in monthly chart
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(Disclaimer: This is only for educational purpose and paper treading.)
Vedanta from 18 June 2020Multiple time resistance has been tested possible upside coming.. only trade uptrend ..
stock took the bounce from expected custom fib level ...
take trade from 108 with target 111 -> 115
Vedanta Limited Trading SetupPrice at trend line Support if any Daily candle close above the support of trend line than we can see price can touch the Last 5th wave of the Elliot Wave.
Looks good look into this setup and pay attention to Monday closing of the market
not bad R/R tradebut before any long term position, we should wait for this quarter gdp result. this will save you.
Vedanta Ltd. Begins Voluntary Delisting (2)Vedanta Ltd. has begun the process of a voluntary delisting of its shares from the public exchange, with the promoter group planning to buy out the remaining ~49% of non-promoter shares it doesn’t currently own. We spoke about Vedanta Ltd. in our Chart Summit India presentation last month as a stock setup we liked on the long side, so given this news, we wanted to revisit that setup and see what lessons could be taken away and applied in future situations like this one. Read our blog post (see signature below for link) on some key lessons we took away from the stock's chart on an absolute and relative basis.
Vedanta Ltd. Begins Delisting ProcessVedanta Ltd. has begun the process of a voluntary delisting of its shares from the public exchange, with the promoter group planning to buy out the remaining ~49% of non-promoter shares it doesn’t currently own. We spoke about Vedanta Ltd. in our Chart Summit India presentation last month as a stock setup we liked on the long side, so given this news, we wanted to revisit that setup and see what lessons could be taken away and applied in future situations like this one. Read our blog post (see signature below for link) on some key lessons we took away from the stock's chart on an absolute and relative basis.
VEDL -overflow CUP ? - above 92VEDL is currently in CUP and Handle pattern in daily time frame.
Above 92, it will give good upside.
Add to watch list
Vedanta Limited : Short Term Hello Guys Buy Vedanta only above 80.30
If Buy trigger then stop loss is 78.60
Target 83-86
Genuine if you like my ideas then please like it, I need your support.
Thanks
VEDL - BUY FOR A 500% RETURN IN A YEARBUY @ CMP WITH A SL OF 50 AND A TARGET OF 360. TARGET SHOULD BE ACHIEVED BY APRIL 2021
Vedanta - H4 charts - support levelNSE:VEDL on the H4 chart approaching oversold zone on the RSI which is coinciding with the bottom of the sideways channel formation and on the daily charts we can see that is currently in the mid green zone on RSI, price could test 139 levels. Watch out if the price bounces off support , if yes, may go upwards toward the upper channel.
Ideally, don't trade the channel, look for breakouts. These maybe more profitable!
Trying between channels is riskier, know your risk!
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Cheers
Vedanta - Daily charts - sidewaysAs discussed in my previous charts, NSE:VEDL was looking to make a move from Downtrend to an uptrend by breaking the previous high and making higher low. We were looking for a continuation of this and wanted to see more confirmation by another higher high and higher low being created.
However what we are seeing is a congestion zone (more of a rectangle channel) where price has failed to make a higher high and also found buying support at higher lows. I think still some bearishness prevails and any fresh entry in this stock must be taken seeking confirmation of trend change!
Look out for this space for more details
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Linking my previous chart as well
Cheers
Vedanta - buy setupNSE:VEDL currently at about 160.95 looks to be forming an uptrend making higher highs and higher lows as indicated in the chart over the price action
Note this is a trade set up to go long. I would like to wait for price make a higher high first in this move (close on daily charts above 166 levels) and then hopefully retrace and make higher lows (should close above 144 levels) and then we are good to go long, hopefully we will have a 3rd touch on the RSI line too and confirm our buy opportunity
Keep looking at this space for more action and news on this chart development
If you like what you see, please share a thumbs up!
Cheers
The B wave.Looking at the Daily time frame, it is highly probable that Vedanta is now entering the B wave of the ABC pattern. It is expected to ultimately test the recent high's of the A wave. Since this is a B wave, I expect to see a lot of consolidation along the way, it could be a slow and stretched move to the top. I would advise caution if selling coz the downward spikes can be quick and short. Over the next few days, Vedanta likely will try and keep going up.
VEDL trying to move in Uptrend.NSE:VEDL is trying to get back from a fall by gaining from a 52 Week low 221.60 but it still continue in downward. It struggling more to get back if it opens above 240 in coming week it ll'be back to uptrend. 240 is a breakout point.
Filling the Gap on an Impulse?VEDL has been in correction phase after the impulse move and is experiencing resistance on the upside. if it breaks through that pattern downside, it may fill the Gap and moreover it can test the 230 Whole number . If it breaks to the upside, Then the trade will become invalid.
Enter According to the price action.
Vedanta Limited - Ending diagonal and potential topVEDL spot on Daily chart. On weekly, u will see upmove was corrective to prior downmove. U see multiple MACD/Fisher divergences on weekly/daily/hourly. Plus a potential ED marked in green and targeting 204 in next 11 days targeting the purple line. What further confirmed top was selling excess at 276.
Short on RalliesVEDL is very close to completing a 5 wave structure that started in Feb 2016. We are currently in wave 5 of 5, which should complete very soon. The stock has given almost 5x returns in 1 year, expect the correction to be relatively sharp.
Vedanta ShortBoth Cairn and Vedanta are going to pull each other. Vednta has just broken 500DMA and will be a free fall from here until it finds support at 50DMA.
Extremely rewarding trade with upside of 13% and stoploss of 2%
CAIRN chart is corroborated with drop in USOIL prices. It is a high conviction trade.
