VEDL trade ideas
Long Term Investment Opportunity For VEDLInvestment Opportunity!!
Enter after trendline break. Stop below demand zone. Use proper Risk management.
good buy call for Vedanta It is on it strong support and can go up from here and there is a conformation as well with the formation of evening start on weakly chart
VEDL LOOKING BEARISH WAIT FOR PRZDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
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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SHORT VEDANTA BELOW 155.806.01.2020
VEDANTA
SHORT VEDANTA BELOW 155.8
CMP : 155.3
INTRADAY TARGETS
T1 : 154.3
T2 : 152.9
SL : 156.2
VEDANTATaking a look at the current VEDANTA structure on the HR time-frame, this to me looks like classic market cycle,also rsi diverge,and also stuck in channel
Short Vedanta Ltd. Vedanta has not shown any major trend this month and now the Bears are entering while Bulls are losing the Momentum so slight pullback can be expected as long as the prices trade between the range of the triangle
Anding to intensify the Pullback Industrial Output for September will do its magic.
Other than Vedanta Other Mining, Cement, Crude Oil, Refineries, Electricity(Power), Manufacturing Companies Can be shorted.
Happy Trading
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
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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
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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.
