VEDL Technical Analysis
Bullish breakout on daily chart. Buy above 475.
R5
by RA ALOK DAIYA SEBI Reg. INH000011468, BSE Enlistment No. 5737
About Vedanta
Vedanta is a leading Indian multinational conglomerate engaged in resources and metals.
They operate in various sectors, including oil and gas, zinc, copper, aluminum, and iron ore.
Entry Strategy
1
Buy Signal
Enter long position above 475.
2
Confirmation
Look for increased volume on breakout.
3
Timing
Wait for candle close above resistance.
Risk Management
1
Stop Loss
Set at 461, end-of-day basis.
2
Position Sizing
Calculate based on account risk tolerance.
3
Trailing Stop
Adjust as price moves towards targets.
Profit Targets
Consider partial profit-taking at each level.
Additional Considerations
- Monitor sector performance for correlation
- Check upcoming earnings or news events
- Assess overall market sentiment impact
