#VEDL - Ready for breakoutVedanta - it just broke the previous down trend channel marginally. Confirmation will be at strong break of 288.40 for a nice swing to 295 - 300 - 318 (strong resistance), break of which can take to 338 +. Current support levels 278 - 276 - 267 - 248.
Short term positive (week and medium term (1Qtr) also positive.
VEDL trade ideas
VEDL-HOURLY/DAILY-AT SUPPORT LEVELSNSE:VEDL
Stock is consolidating between 275-285 from past a month. From past few days (Last week of June) The stock is getting seller pressure however it is not able to close below 275. It’s a sign of strength that buyers are defending this level.
Today Stock has shown a bullish hammer around the support level. It’s good time to go long with Small SL.
SL 273-274 , Target would be as per the risk reward.
This is only for educational purpose, please manage your risk accordingly.
#VEDL... Looking good 23.05.23#VEDL.. ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Vedanta PROS
Stock is providing a good dividend yield of 28.5%.
Company has delivered good profit growth of 28.8% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
Company has been maintaining a healthy dividend payout of 32.6%
CONS
Promoters have pledged 100.0% of their holding.
Notes.- This chart only for knowledge purpose not for trading
VEDANTA : Break Rising Wedge Pattern Vedanta Ltd. Stock on Daily TF wee can see that Stock had trend change from 9th Feb' 23.Broken the Rising wedge Pattern with high volume on 9th Feb. & now continue the downside journey. Stock weak on short & long term momentum.
Entry : CPM
SL : 307
Downside move : 288,276
VEDL Stock Retraces to Rejection Area After Breaking SupportVedanta Limited (VEDL) stock has broken below its support level and has since retraced back up to a key rejection area. This rejection area may indicate that the price is being rejected at this level, suggesting that it may continue to move downwards in the near term. Traders and investors should closely monitor the price action around this area for potential trading opportunities. Factors such as news events and market conditions may also impact the price of VEDL stock, and should be taken into consideration when making trading decisions.