VEDANTA LTDLong
VEDL Chandi Jaisa Rang Hai Tera Ghode Jaise Chal
VEDANTA (Shines like Silver & runs like a Horse)
VEDL is in a Bullish impulse wave since Covid bottom & did a golden retracement in wave 2 in from 440.75 in April 2022 to 208 in Sept 2023 now Wave (3) has started & we are about to complete wave 1 of (3) what should follow is Wave 2 correction in Wave (3) so 560-570 should be levels to be cautious on upside for a pullback of the impulse started from Sept 2023 bottom.
The larger structure remains bullish a 3 wave or 7 wave pullback will be the zone to create fresh longs.
(Note VEDL is positively correlated with silver which is also in bullish structure)
VEDL is in a Bullish impulse wave since Covid bottom & did a golden retracement in wave 2 in from 440.75 in April 2022 to 208 in Sept 2023 now Wave (3) has started & we are about to complete wave 1 of (3) what should follow is Wave 2 correction in Wave (3) so 560-570 should be levels to be cautious on upside for a pullback of the impulse started from Sept 2023 bottom.
The larger structure remains bullish a 3 wave or 7 wave pullback will be the zone to create fresh longs.
(Note VEDL is positively correlated with silver which is also in bullish structure)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.