This one is looks like dead cat bounce , so expect the price to reverse in day or two and the trend to downward will resume , One can wait for complete bearish engulfing candle to trade in it
Thank you so much for teaching a new pattern sir, The cat has retraced 50% as it does in Dead cat bounce pattern.
Will be waiting for the signal to take the trade. thank you sir
ShreeKrishna
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@himanagendra, You are welcome , Happy trading
Kakerot
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again your trendline of 13.45 has been broken and gave close above 115 so should we acknowledge that your chart has been proven wrong. Nifty Metal has given breakout after 2018, Vedanta is identical to Nifty Metal go check it out don't miss out to give amazing long term target of 250-300 rs target in 2 years. your view of Nifty I saw back in Sept and due to liquidity yes it will happen, and so will the whole market especially undervalued stocks like vedanta
Kakerot
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this is your dead cat bounce? Vedanta up 115 iam long term investor here now since giving dividend of 9.5 at 105 price i am fan of it, who in stock market give divident? fool
rohannahar5
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@ShreeKrishna Your previous targets of Zeel- 73, Mothersumi - 95 is yet to come. till then we will keep Vedanta aside.
Already started 3rd wave on a long term basis. Vedanta long term target 600+
kuthoos77
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I have seen Krishna sir's analysis accurate - more experienced and is explaining with logic(previous videos). I can it is forming triangle (which pattern I don't know ) His prediction is formation of Bearish engulf. Surely it will print bearish engulf candles and It will reach target.
Kakerot
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what dead cat bounce? Vedanta wanted to delist, which failed so stock went down? recently gave a dividend of 9.5 per share when the share was 100 rs who gives 10% share price as a dividend recently news is floating promoters will want to start to delist procedure again. this is your view of the dead cat bounce? where other metal stocks like tata steel are rallying 150points up from 2 weeks Vedanta is still cheap. In a 100 years Vedanta will not give you 66 rs unless corona 2.0 attacks. fools shouldn't even include covid led fall in charts at all
Will be waiting for the signal to take the trade. thank you sir