VEDANTA - INTRADAY SETUP - 10/01/2022

VEDANTA -- Pick as intraday as on 10/01/2022 .. Technical Bullish indicators found on 15 min chart . stock has under perform till now .. trading at trendline and urge of breaking trendline ..Price trading above VWAP and good upmove around 3-4% can seen once trendline breakout on intraday basis on monday
RSI found Bullish if trendline breaks, RSI will trend above 60 and 60-80 is bullish area of RSI.

BULLISH TECHNICAL INDICATORS.
>> Sign of Trendline breakout
>> Price above VWAP
>> RSI Bullish
>> Double bottom seen on chart.


BUY VEDANTA above 339.25 ( price at confirm trendline breakout )
TARGET - 342-345-348
STOP LOSS 332.

* this idea can hep for technical study and analysis purpose. please do own analysis. take call at own risk. !!

WISH YOU HAPPY TRADING. !!

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This is my BACK TEST Report LAST 2 MONTH. ( check list my idea's till now )
BACK TEST : LAST 2 MONTH.!

Total Trades 15,
Profitable Trades 10,
Active Trades 3
loss trades 1

success % trades allover = 90%.

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Premarket BUY order @339.30 AT 9.00 AM

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performance of Vedanta not upto the mark till now. underperform market till now! lets see rest of the day...!

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341.30 is high point at morning..till now. !

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1ST Candle after opening at 9.15 am , high point was above 341.20 but as it was parabolic move ..i dont think any profit booking trade there because very less time to book profit in such high open parabolic move.. after that trading around the buy price after some correction ..end up no profit no loss trade. !

Good profit booking around 10% intraday on ALOK iND. so overall good day.!

HAPPY TRADING.!

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PRICE GO ABOVE 339.25 after 3.15 intraday time so we dont take as intraday profit .!