VEDL trade ideas
VEDANTA - VEDLVEDL has managed to cross the hurdle of 297-300 from where in 2018 it had fallen to the lows.
Now it can be a long for new targets of 323, 335 and further 347
stop loss of 297-300
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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VEDL :: BULLISHATE: 6 JUNE 2021
INSTRUMENT: VEDL
TREND: BUY
TIME FRAME: DAY
CMP: 280.85
BUY ABOVE: 283
STOP LOSS: 269
TGT 01: 296
DISCLAIMER:
We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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Long Vedanta above 275 for target 310+ before expiryVedanta has seen good correction from upper levels.....weekly indicators are positive and according to fibonnaci retracement the points of retracement for 1st support have already been reached around 265.40 levels.....this stock can show strong reversal from this point and targets for week may be 300 while for shorts term of 2-3 months around 340-350 levels. Buying is recommended at current level . sl-264.80