Vedanta Limited - Ending diagonal and potential topVEDL spot on Daily chart. On weekly, u will see upmove was corrective to prior downmove. U see multiple MACD/Fisher divergences on weekly/daily/hourly. Plus a potential ED marked in green and targeting 204 in next 11 days targeting the purple line. What further confirmed top was selling excess at 276.
Vedanta
Vedanta ShortBoth Cairn and Vedanta are going to pull each other. Vednta has just broken 500DMA and will be a free fall from here until it finds support at 50DMA.
Extremely rewarding trade with upside of 13% and stoploss of 2%
CAIRN chart is corroborated with drop in USOIL prices. It is a high conviction trade.