Vedanta Limited:
Weight of Evidence--
1. Price is making Higher Lows and Higher Highs; Price is In Mark up Phase.
2. Price gave break out of Rising Wedge and Retest of upper Fibre.
3. Bullish Engulfing at Ema 55.
4. At Horizontal demand zone.
5. At Upper fibre of rising wedge (dynamic demand zone).
6. At 61.8 % retracement level of last impulse.
7. Momentum: Swing break out on RSI.
Note Bane—Although our Reference candle is Bullish Engulfing of 17 Jun 26, we shall enter above the high of 15 Jun (delayed entry and if our entry triggers, RSI will showcase swing break out).
Trading Strategy—
Enter –320
Stop Loss-291
Risk Per share—29
Revise your TSL to buy Price at 350 and Book Your Profit at 378.
Area of concerns---
As per Trendlyne website, Stock is underperforming Nifty (Alpha= -30 % and Last 03 Months=-60 %) as well as its industry and its Beta coefficient is 01 Year 1.42 and Last 03 Months 1.3)
High Beta stock comes with its own package, please manage your risk accordingly.
Weight of Evidence--
1. Price is making Higher Lows and Higher Highs; Price is In Mark up Phase.
2. Price gave break out of Rising Wedge and Retest of upper Fibre.
3. Bullish Engulfing at Ema 55.
4. At Horizontal demand zone.
5. At Upper fibre of rising wedge (dynamic demand zone).
6. At 61.8 % retracement level of last impulse.
7. Momentum: Swing break out on RSI.
Note Bane—Although our Reference candle is Bullish Engulfing of 17 Jun 26, we shall enter above the high of 15 Jun (delayed entry and if our entry triggers, RSI will showcase swing break out).
Trading Strategy—
Enter –320
Stop Loss-291
Risk Per share—29
Revise your TSL to buy Price at 350 and Book Your Profit at 378.
Area of concerns---
As per Trendlyne website, Stock is underperforming Nifty (Alpha= -30 % and Last 03 Months=-60 %) as well as its industry and its Beta coefficient is 01 Year 1.42 and Last 03 Months 1.3)
High Beta stock comes with its own package, please manage your risk accordingly.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.