Vedanta ltdThis stock is in wave 3rd of higher degree wave 5th, given breakout with good intensity of volume along with the upper bbc, macd and other indicators are also suggesting up move ahead towards north, one can go long at these levels or in dips with key levels mentioned on chart.
Wave Structure could be like this
Key Levels are mentioned on chart
macd in Weekly Uptick
macd in daily
Rsi in daily above 60 uptick
Breakout with good intensity of volume along with bbc
Dmi adx also positive Ungali setup
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
VEDL trade ideas
VEDL ::: BULLISH :::DATE: 11 SEP 2021
INSTRUMENT: VEDL
TREND: BUY
TIME FRAME: DAY
CMP: 301.85
BUY ABOVE: 304
STOP LOSS: 293
TGT 01: 317
TGT 02: 341
RISK DISCLOSURE:
We are not S E B I registered analysts. VIEWS EXPRESSED HERE ARE FOR OUR RECORD PURPOSES ONLY. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
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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do your bit of research.
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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.
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