VEDL trade ideas
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.
Buy VEDANTAVedanta has given proper breakout at 326, and sustaining above this,,this is the proper indication that bulls has taken over in it,,now we will see rally from this level,,,by at current price 332 and keep a stop loss at 309 and hold for target above 355/365/371.. targets..MACD also supporting this level,,so it is a proper bulilish moment in vedl..hold and don''t forget to put stop loss in it.
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