VEDL trade ideas
NSE : VEDLDoes trade war help to fight it out at the support ? #VEDL #NSE
128 is on the cards. #VEDL #NSE
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
Vedanta @ major SupportVedanta is at major support
if breaks 142 -140. It goes to 134/125
If holds support
target-154/160
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
VEDL - Trend line ResistanceVEDL is Currently reacting to the Resistance created by the Trend Line.
The candle patterns suggest a recurring selling pressure arising from this Level.
Also, there is a Bear Sash pattern here (Marked in arrow), indicating that the stock has prepared for a down move in the coming days.
Vedanta - Short Term SellHello,
Vedanta looks like a complete sell for short term period.
Below 145 it can test recent lows of 125.
This view gets invalidated if we get a close above 152.50.
MACD has just started to give a sell signal.
RSI is tilting towards a sell sign.
Vedl !! Great Opportunity ....Boom !!You may Buy at Given Levels ........
Target is up to You .......i will support the "Buy 2 Level" If you want Strong Level
Minimum Target Upto = 4 Rs
Good Luck With your Trade Guys
Thank You
Vedl !! SEEMS Good ....Shorting position ....... there are 3 supply Zones possibility!!
If Nifty tends to Go Down then .....these Supply zones will effectively React .....
Vedanta - Another Pull Back Candidate Vedanta moving in a range for sometime now ... Pullback to 152 possible ... but bullish only above 155... keep a watch ...
VedlVedl shown as a downtrend on monthly,weekly,as well as on hourly time frame...but here find a good opportunity to buy above 157 area on closing basis...this area find as a conflict area between weak resistance and tend line...time to buy above leval for target 175
