Vedanta Ltd, one of India’s leading diversified natural resources companies, is showing a strong long-term breakout setup supported by powerful technical signals.
Reasons are listed below :
Target - 625 // 710
Stoploss - monthly close below 395
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Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Reasons are listed below :
- Attempting a multi-year breakout after nearly 14 years of consolidation
- Potential VCP (Volatility Contraction Pattern) breakout forming
- Bullish engulfing candle on the monthly timeframe
- Consolidating near all-time highs, showing strength in price structure
- Trading above 50 & 200 EMA on both weekly and monthly charts
- Maintaining a clear higher-high, higher-low trend structure
Target - 625 // 710
Stoploss - monthly close below 395
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
تم فتح الصفقة
We have entered the trade ملاحظة
Stock is up 5%+ from buying price;hold!
ملاحظة
made a high of 11%++we could see some volatility in coming week due to results; hold!
ملاحظة
As mentioned earlier, the prices are volatile.Hold as of now and maintain a strict stoploss of weekly close below 395.
ملاحظة
testing all time high; momentum is intact; hold!ملاحظة
All time high monthly close. Price action suggests some sharp move in coming months.
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إخلاء المسؤولية
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