VEDL trade ideas
#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.
Vedanta Ltd. Begins Voluntary Delisting (2)Vedanta Ltd. has begun the process of a voluntary delisting of its shares from the public exchange, with the promoter group planning to buy out the remaining ~49% of non-promoter shares it doesn’t currently own. We spoke about Vedanta Ltd. in our Chart Summit India presentation last month as a stock setup we liked on the long side, so given this news, we wanted to revisit that setup and see what lessons could be taken away and applied in future situations like this one. Read our blog post (see signature below for link) on some key lessons we took away from the stock's chart on an absolute and relative basis.
Vedanta Ltd. Begins Delisting ProcessVedanta Ltd. has begun the process of a voluntary delisting of its shares from the public exchange, with the promoter group planning to buy out the remaining ~49% of non-promoter shares it doesn’t currently own. We spoke about Vedanta Ltd. in our Chart Summit India presentation last month as a stock setup we liked on the long side, so given this news, we wanted to revisit that setup and see what lessons could be taken away and applied in future situations like this one. Read our blog post (see signature below for link) on some key lessons we took away from the stock's chart on an absolute and relative basis.
Shorting VEDLHii Guys I am thinking of shorting NSE:VEDL in positional Trade
My Entry Point Will Be at 75 Rs
My Stop Loss Will be 80 Rs
& Finally, my target will 60Rs Or when I see two green Heiken-Ashi candles with no tail.
Why Am Shorting NSE:VEDL ?
As per Heiken-Ashi candles one day chart, there should be a downtrend in NSE:VEDL
& There is support at 60Rs which has been tested twice.
Let me know what you think about my Idea.
I am New so maybe I am making a mistake so please comment & let me know.