Breakout Alert: VEDL is About to Surge!Despite a recent decline alongside major indices, VEDL is now showing significant strength. 📉➡️📈 Indicators suggest a bullish reversal is on the horizon. It has found strong support, coupled with increasing trading volumes. 📊 Positive technical signals, along with favorable market conditions, hint at a potential breakout. 🚀 Investors should keep a close watch as VEDL is poised to transition into a robust upward trend. 📈💼
A potential 1:2 RR trade.
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Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
VEDL
Breakout + Crossover - VEDL📊 Script: VEDL
📊 Sector: Mining & Mineral products
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Script is giving breakout on Monthly Time Frame.
📈 MACD is giving crossover.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 473
🟢 Target 🎯🏆 - 519
⚠️ Stoploss ☠️🚫 - 452
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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VEDL: ATH Breakout with Potential for Multi-Level Profit TakingOverview:
VEDL is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains.
Entry: Enter a long position at VEDL's ATH price + 4% (ATH + 4%)
Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price
Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1%
Trade Rationale: VEDL is a metal stock, and the metal sector is currently exhibiting strong momentum.
Targets: First Target: 763.70 (Fibonacci 1.618 level)
Upon reaching the first target, exit 1/3 of the position and adjust the stop-loss for the remaining 2/3 of the position to breakeven.
Second Target: 929.80 (Fibonacci 2 level)
Upon reaching the second target, exit another 1/3 of the position.
Once the second target is hit, move the stop-loss for the remaining 1/3 of the position to the first target level (763.70).
Third Target: 1364.60 (Fibonacci 3 level)
Upon reaching the third target, exit the entire remaining position.
Risk Management:
The initial stop-loss of 20% below the entry price helps to limit potential losses in case the trade moves against you.
The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits.
The position sizing ensures that you are not risking more than you can afford to lose.
Disclaimer:
This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions.
Additional Notes:
Consider using technical indicators and chart patterns to refine your entry and exit points.
Monitor market conditions and adjust your strategy accordingly.
Practice risk management techniques to protect your capital.
Please let me know if you have any other questions.
Disclaimer: I Lalit Panchal not a SEBI Registered analyst. The chats and/or stocks and/or research reports and/or market analysis etc are made only for study purpose, and may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
Monthly Chart Breakout - Positional Trade - VEDL📊 Script: VEDL
📊 Sector: Mining & Mineral products
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Script is giving Breakout of double bottom neckline on Monthly chart, we may see some good rally.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 414
🟢 Target 🎯🏆 - 504
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
VEDL-HOURLY/DAILY-AT SUPPORT LEVELSNSE:VEDL
Stock is consolidating between 275-285 from past a month. From past few days (Last week of June) The stock is getting seller pressure however it is not able to close below 275. It’s a sign of strength that buyers are defending this level.
Today Stock has shown a bullish hammer around the support level. It’s good time to go long with Small SL.
SL 273-274 , Target would be as per the risk reward.
This is only for educational purpose, please manage your risk accordingly.
#VEDL... Looking good 23.05.23#VEDL.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
VEDL Stock Retraces to Rejection Area After Breaking SupportVedanta Limited (VEDL) stock has broken below its support level and has since retraced back up to a key rejection area. This rejection area may indicate that the price is being rejected at this level, suggesting that it may continue to move downwards in the near term. Traders and investors should closely monitor the price action around this area for potential trading opportunities. Factors such as news events and market conditions may also impact the price of VEDL stock, and should be taken into consideration when making trading decisions.
#MAITHANALL #COALINDIA #NMDC #GMDCLTD #NATIONALUM #JSWSTEEL #NSE#MAITHANALL
NSE:MAITHANALL
CMP: 1050.15
TP: 1270 // 1300 // 1400
SL: 949
TF: <6m
RR > ~2.5 times
Return > ~24%
MAITHANALL
SAIL HINDCOPPER HINDZINC NIFTYMETAL TATASTEEL CNXMETAL HINDALCO JSWSTEEL NATIONALUM JINDALSAW JINDALSTEL COALINDIA NMDC GMDCLTD VEDL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
#TINPLATE #TATAMETALI #HINDCOPPER #TATASTEEL #JSWSTEEL #HINDALCO#TINPLATE
NSE:TINPLATE
CMP: 352.10
TP: 400
SL: 328
TF: <6m
RR > ~2 times
Return > ~13%
TINPLATE TATAMETALI
SAIL
HINDCOPPER HINDZINC NIFTYMETAL TATASTEEL CNXMETAL HINDALCO JSWSTEEL NATIONALUM JINDALSAW JINDALSTEL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
#NATIONALUM #HINDALCO #VEDL #VEDANTA #JSLHISAR #JINDALSTEL #SAIL#NATIONALUM
NSE:NATIONALUM
CMP: 78
TP: 98
SL: 71
TF: <6m
RR > ~2.6 times
Return > ~25%
NATIONALUM
NSE:TATASTEEL NSE:JINDALPOLY NSE:SAIL
JSWSTEEL JINDALSTEL HINDALCO TATASTLLP JINDALSAW JSL JSLHISAR JINDWORLD JINDRILL JINDALPHOT VEDL HINDZINC HINDCOPPER
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#TATASTEEL #SAIL #VEDL #JSWSTEEL #JINDALSTEL #nationalum #TCS#TATASTEEL
NSE:TATASTEEL
CMP: 111
TP: 120
SL: 105
TF: <2m
RR > ~2 times
Return > 10%
NSE:TATASTEEL
JSWSTEEL JINDALSTEL NATIONALUM HINDALCO TATASTLLP JINDALSAW JSL JSLHISAR JINDWORLD JINDRILL JINDALPHOT VEDL SAIL NSE:JINDALPOLY
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#JSWSTEEL #SAIL #NATIONALUM #TATASTEEL #HINDALCO #TATASTLLP #OIL#JSWSTEEL
NSE: JSWSTEEL
CMP: 764
TP: 950
SL: 680
TF: <6m
RR > ~2 times
Return > 23%
JSWSTEEL JINDALSTEL SAIL NATIONALUM TATASTEEL HINDALCO TATASTLLP JINDALSAW JSL JSLHISAR JINDWORLD JINDRILL JINDALPHOT JINDALPOLY VEDL
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia