VEDL Analysis
TRADE PLAN
ENTRY -521
SL -475
TARGET --01-600 , TGT02-780
Hold For a Year or TGT 2
Chart Pattern :
STOCK has recently broken its Long Term 14Y 5M ATH of 495 forming a 12Y-1M RBC on the WTF/MTF. The Stock is Consolidating for 2+Quarters now and Broken the 495 Strong Resistance Level.
VEDL has crossed a medium term 2Y1M RBC Currently in a consolidation phase
INDICATORS EMA :
The Price is Currently Trading above 20EMA, and in Aug 2nd week 20EM crossed closed near 50EMA in DTF. STOCK EMAs are currently aligned in a ascending order pointing upwards 200 to 20 indicating a bullish Trend on all MTF too.
FIBO E :
After the Bounce-back from 38% FIBO Retracement Level in WTF, Price is currently trading above the previous Impulse uptrend with ChoCH at 340 on WTF
Volumes: There is a contestant Volume buying above the 20EMA average for 7-8 months
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry).
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
SWING/POSITIONAL Trade