Vedanta now at very strong support area may reverse from hereOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
VEDL trade ideas
A relook at VedantaI had to go back analyze the chart again....It is at critical level, but I think it might go lower....I'm still buying this stock in small quantities...but those who are risk averse might want to stay away for a while...Lets hops it gets support around 150=160 levels, but if that is also broken then expect to see 60-70....I'm expecting some positive results for this quarter...That should give it some momentum upwards......all the best....
Will Vedanta be the next RelianceVedanta definitely wants to see higher prices, now at level of support which was resistance earlier.....Any good news can propel this company to new heights.....My personal target is 1050.....I'm only investing 10% of my capital, will continue to add on every negative day or any price below my average cost......you can start adding little by little from today onwards....I'm not mentioning stop loss as I'm an investor and a swing trader at best...use your own risk management...
Vedanta Resources Is Disaster in making.Vedanta has been in news for some time now for many reasons.
Looking at the medium-term chart it is looking for quite weak ... with the support line at threat .. looks like Vendanta may be moving to double digit over the period... once the trend line is broken
#VEDL - Ready for breakoutVedanta - it just broke the previous down trend channel marginally. Confirmation will be at strong break of 288.40 for a nice swing to 295 - 300 - 318 (strong resistance), break of which can take to 338 +. Current support levels 278 - 276 - 267 - 248.
Short term positive (week and medium term (1Qtr) also positive.
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