VEDL trade ideas
VEDL Looking Bullish | Check Chart For Detail AnalysisHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
DO NOT MISS THE RALLY - VEDANTA LTDEverything is pretty much explained in the picture itself.
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VEDL NSE ATH RBC Y14-5M BO WTF/MTF PositionalVEDL Analysis
TRADE PLAN
ENTRY -521
SL -475
TARGET --01-600 , TGT02-780
Hold For a Year or TGT 2
Chart Pattern :
STOCK has recently broken its Long Term 14Y 5M ATH of 495 forming a 12Y-1M RBC on the WTF/MTF. The Stock is Consolidating for 2+Quarters now and Broken the 495 Strong Resistance Level.
VEDL has crossed a medium term 2Y1M RBC Currently in a consolidation phase
INDICATORS EMA :
The Price is Currently Trading above 20EMA, and in Aug 2nd week 20EM crossed closed near 50EMA in DTF. STOCK EMAs are currently aligned in a ascending order pointing upwards 200 to 20 indicating a bullish Trend on all MTF too.
FIBO E :
After the Bounce-back from 38% FIBO Retracement Level in WTF, Price is currently trading above the previous Impulse uptrend with ChoCH at 340 on WTF
Volumes: There is a contestant Volume buying above the 20EMA average for 7-8 months
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry).
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
SWING/POSITIONAL Trade
vedl Shares of India's copper and aluminium manufacturers rise between 3% and 6%
** China's finance ministry last week proposed to reduce or cancel export tax rebates for commodities including copper and aluminium, effective Dec 1
** China's move has lifted global aluminium prices as the move will likely reduce supply of metals globally
Breakout Alert: VEDL is About to Surge!Despite a recent decline alongside major indices, VEDL is now showing significant strength. 📉➡️📈 Indicators suggest a bullish reversal is on the horizon. It has found strong support, coupled with increasing trading volumes. 📊 Positive technical signals, along with favorable market conditions, hint at a potential breakout. 🚀 Investors should keep a close watch as VEDL is poised to transition into a robust upward trend. 📈💼
A potential 1:2 RR trade.
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Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
Vedanata LongVedanta
MTF Analysis
VedantaYearly Demand 171
Vedanta 6 Month Demand Breakout 340
VedantaQtrly Demand Breakout 340
VedantaMonthly Demand 410
VedantaWeekly Demand 418
VedantaDaily Demand DMIP 486
ENTRY -1 486
SL 474
RISK 12
Potential Target 644
First Target Points 613
First recovery Target Points 139
Last Swing Low 366
Last Swing High 505
RR 12
RR 33%
52 Week High Breakout - Positional Trade - Long TermDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Weekly Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Its also dividend paying stock.
Vedanta Limited Bullish ( Range breakout daily chart)Vedanta ltd (VEDL) is bullish for next few days or weeks.
Buy on dip will be my favorite condition...but I will wait higher high- higher low creation on smaller time frame.
Price can created 2 conditions-
1. Test previous resistance, which will act as a support then price will bounce.
2. Price will not bounce after consolidation.
I am not SEBI registered and not recommending to buy or sell, this is just my overview as per price action logics.