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.
In Intraday most important thing is to enter and exit points.
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VEDL trade ideas
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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 - 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
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.