SWING IDEA - VEDANTA

7 Des

Vedanta Limited, a leading natural resources company in India, is presenting a strong swing trade setup, supported by key technical signals.

Reasons are listed below :

• 500 Level Breakout Attempt: After multiple tests, the price is attempting to break out from a crucial level following a tight consolidation near its all-time high.
  
• 14+ Year Consolidation Break: The stock is on the verge of breaking a consolidation zone that has persisted for over 14 years, signaling a significant long-term trend change.
  
• Bullish Marubozu Candle: A strong bullish marubozu candle on the weekly timeframe underscores robust buying interest.
  
• EMA Support: Price action is trading decisively above the 50 and 200 EMA, indicating sustained bullish momentum.
  
• All-Time High Breakout: The stock is poised to surpass its all-time high made in 2010, signaling potential for further upside.
  

Target - 580 // 675
Stoploss - weekly close below 425

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@visionary.growth.insights

11 Des

Trade aktif

new all time high

made a high of 4%++

14 Des

Catatan

all time high weekly close