VEDANTA LTDLong
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positional
VEDANTA give trend line breakout and now testing its Resistance level
Earlier also after the breakout, it test its resistance level and pulled back to support levels, and bounced back.
So the chance of breakout this time.
Save entry will be above 385 levels on a closing basis if gap up then wait for a retracement and then enter.
Can look for targets of 400-420-450, with SL of 340-320.
Note:
Above levels for Education purposes only.
Do your own analysis before taking any trade.
Also in the current volatility situation in the market, Trade with less quantity as the market is still uncertain.
Earlier also after the breakout, it test its resistance level and pulled back to support levels, and bounced back.
So the chance of breakout this time.
Save entry will be above 385 levels on a closing basis if gap up then wait for a retracement and then enter.
Can look for targets of 400-420-450, with SL of 340-320.
Note:
Above levels for Education purposes only.
Do your own analysis before taking any trade.
Also in the current volatility situation in the market, Trade with less quantity as the market is still uncertain.
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