VEDANTA LONG IF CLOSING ABOVE 115VEDANTA LOOKS LIKE IT IS CONSOLIDATING IN A RANGE FOR A PRETTY LONG TIME. THE TRIANGLE PATTERN SUGGEST IT IS READY FOR BREAK OUT. BUT WE NEED A CONFIRMATION FIRST. IF IT CLOSES ABOVE 115 BY THE END OF THE DAY IN ANY TRADING SESSION IT CAN BE LONGED IN FUTURE. EVEN 15 MINUTES, MACD IS SIGNALING A BREAK OUT IN THE STOCK
VEDL trade ideas
VEDANTA - On support with Inside Bar - Ascending Triangle#Vedanta is moving under Horizontal channel and now creating the small Ascending Triangle.
Today stock closed above support trendline and created the Inside Bar with 7 day narrow range candle. You can see reversal in tomorrow trend.
Showing Mix result in Technical Parameter:
CCI were trending down but now reversing
RSI were trending down but now reversing
ROC is treading UP
William R% is treading UP
ATR is decresing since 5 day
New Long
----------------------------------------------------------
Support : 105 and 102
Breakdown : 107 (OR Gap down opening)
LTP : 109.10
Breakout : 111.45 (OR GAP UP opening)
Short Target : 114.65 and 120
----------------------------------------------------------
Positive & Negative Point:
1) Bullish in Daily chart
2) Neutral in Weekly Chart
3) Very bearish in monthly chart
----------------------------------------------------------
(Disclaimer: This is only for educational purpose and paper treading.)
191 grind up slow and steady Just revisiting this from earlier and looks like its set for a big move once we cross 119 or have the golden cross on the daily..
Lovely big zone after we cross 119 .
Another awesome trade for intra day if you check out the 4hr graph think 100 should offer good support since that is where the 200 is.
It got rejected at first then has reclaimed it so i expect further continuation.
HTF chart shows 252 also possible.
Do not know much about this company however if it looks like it should break this down trend line in a year or so ..
Levels on the chart shall keep an eye on this for a quickie..
#VEDL #NIFTY #NIFTY50 #VEDANTA #INVEST #EQUITY ##Bullish #WedgeBoth Rounding Bottom And Bullish Wedge formed in #Vedanta ( #VEDL )
The Exponential Moving Averages crossed above
Closing Price of last candle closed above the resistance with a huge increase in volume
Expect a bullish reversal
Final Target will be 140-145
Up side potential high
Return:Risk Ratio High.