We have a Super strong Fundamentals as they have recently acquired the semiconductor firm.
Also the Price has reacted to a Weekly Demand and Now has also started violating Supplys and respecting Demands hence Buying as the Reward to Risk ratio is favourable.
Price has reacted to a Weekly Demand and has confirmed an Uptrend as per the Daily chart,
Yesterday Price gave a pullback into a Daily Demand with an amazing reward for the risk.
ENJOY THE RIDE ! ! !
Price has a Monthly Supply formed and has to reach it in order to continue the downtrend,
Therefore we have a Weekly Demand which will drive the Price till the Monthly Supply area, the Reward to Risk ratio is 3:1
ENJOY THE RIDE ! ! !
Will VEDANTA be the next ADANI Enterprises?
Broader outlook says it broke out of the decade long sideways trend and is heading for a retest before a massive upside.
A clear Head & Shoulder pattern is visible in daily timeframe , as per the pattern the technical target is around 190 level which also lies in confluence with trendline support.
Volume shows the...
NSE:VEDL
Price taking support at Kijun Sen and the close proximity of Tenken and kijun make risk: reward quite favorable
Views Negated below: 125 on Closing Basis
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
VEDL Vedanta Cboe 1D up to 15FEB19 Trading Analysis (TA)
1D Chart, Vedanta Limited ADS Each Repr 4 Ord SHS SPOMS (VEDL) dropped down after giving up trying to cross over the 100/200 MA signals, now is lying still bleeding below the 30 RSI line and the MACD far below the Histogram trying to recover before rising its head again from the $8.44 toward the $10s or...
