VEDL trade ideas

mragarwal

VEDL 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.

TangoTrader22

VEDL is very close to completing a 5 wave structure that started in Feb 2016. We are currently in wave 5 of 5, which should complete very soon. The stock has given almost 5x returns in 1 year, expect the correction to be relatively sharp.

muniraj1964

DAILY FINANCIAL WISDOM: "It's better to trade alone, than trade with a crowd going in the wrong direction.

rwin

bullish engulfing look to go long with stop loss at 222

capgainers

Vedanta seems to making bearish gartley in 15 min tf and may target 176 if able to hold recent lows of 161

ShobhitAgarwal

Both 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.

NoviceCall

Bearish Butterfly