VedantaLooking very weak and RSI have divergence in 15 min and 1 hour short below trendilne, can give big targets.
VEDL trade ideas
VEDL LONG INTRADAY 17 MAR,2021Dear trader,
If u look at the chart of VEDL (analysis based intraday only) the VEDL BUY at 227 and TARGET at 237 and STOP LOSS at 222.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
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As per my 1hr CandleStartegy ,
Trend reversal possiable ,
As per 1 hr,
1.Formed DT ,
2.Break and close below the neck line of DT,
My View
Take A small Retracement Up to 226/- from the CMP,then start to fall down towards 212/-
Entry -224.2/- , Emergency Exit=230/- , Target=213/-
Possiblity for Gap Up Open
Disclimer=this educational purpose only , Dont do trade according this Analysis
Vedl Bearish Wolfe waveVedl has bearish wolfe wave on hourly timeframe , previously made a bearish butterfly on weekly timeframe. a rejection from prz was clearly visible and now a wolfe wave make it more confirm trade to short. Target on chart...
VEDLtoday was GOOD
toMMOrow we will see MARKET GAPUP or GAPD? INTRADAY FOR SHORT and BULL STRATEGY
but market is long
Bullflag + Fibs retracement for bullish Continuation Expected Bullflag + Fibs retracement for bullish Continuation Expected
Vedl - Intraday Trade SetupVedl CMP - 176.40
Looking bearish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Sell at or Below 175 / Stop Loss 180
Target 1 - 173
Target 2 - 171
Target 3 - 169
Disclaimer: This is my view and for educational purpose only.
Vedl { 1hr frame short }It's a break out trade . If you notice the trendline it's getting breched by 1hr tf candle which is a good confirmation , Rest is as per charts
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
triangle trendline supporti missed sharing of triangle breakout , but now stock has given one more entry, after breaking triangle ,stock has taken support of upper trendline with volume rising .
Vedanta LongEntry on close above 168
TGT 1 : 190.5 - 190.7 : Short Term Trend
TGT 2 : 200.7 : Daily Trend
TGT 3 : 220 : 223.15 : Weekly Trend. It can extend up to and beyond 277.7 on a weekly basis.
SL 1: 161
SL 2: 155.4
SL 3: 129
Support @ 141:142
Vedanta LongLong @ 168.5.
SL Trigger @ 160.95.
Profit Level @ 200.7
The SL trigger can be lowered to trigger @ 160.
Risk-Reward : 4.26
VEDL - CMP 167.4VEDL - CMP 167.4 can be taken with a sl of 158 CLBS for a target of 174.65, 190.35, 200++. It is on flag break out with good volumes. Above 174 breakout can be confirmed. This is for educational purpose and any investment shall be done after taking financial expert avice.
Vedl - Intraday Trade SetupVedl CMP - 160.10
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 159 / Stop Loss 163
Target 1 - 157
Target 2 - 155
Target 3 – 153 / 150
Disclaimer: This is my view and for educational purpose only.
Vedanta {Towards Victory}Vedanta has a history of forming highs every 3-4 years. Seems like we are at the right end of the cycle.
Would be an interesting experience to see this journey firsthand.
