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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 ---------------------------------------------------------- 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 ---------------------------------------------------------- Positive & Negative Point: 1) Bullish in Daily chart 2) Neutral in Weekly Chart 3) Very bearish in monthly chart ---------------------------------------------------------- (Disclaimer: This is only for educational purpose and paper treading.)
NSE:VEDLLong
by singajai
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.
NSE:VEDL
by AllstarchartsINDIA
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.
NSE:VEDL
by AllstarchartsINDIA
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! If you like what you read, please share a thumbs up and follow for more updates! Cheers
NSE:VEDL
by LoveForCharts
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 If you like what you see, please share a thumbs up and follow me for more updates. Linking my previous chart as well Cheers
NSE:VEDL
by LoveForCharts
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
NSE:VEDLLong
by LoveForCharts
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.
NSE:VEDLLong
by Divergensity
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