Vedanta

96pills

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Anyone have a view on vedanta resources. I think they are worth a short been going up too much for no real good reason......
 
Distance to 20 days moving average: 23.3539%
Distance to 200 days moving average: 76.5602%
It is just accelerating too fast
 
just my tuppence but i,ve got support at 1495,res at 1700
 

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yer got in at 1610 i dont think it will test the resistance it wont reach it.... it came off at the end off the day probs goin south....
 
96pills,i hope you covered that short this am,it gave you a chance to get out for a small loss.when it gapped up and came back to support.it is now at an area to watch price action.breakout pullback for longs or bearish candles,break of trend for shorts.good luck.
 

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imo,support now at 1688,target 1850 ish.lets see if we get a pullback for along at 1700.
 

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This chart shows ( i have attached it i dont know if it shows up in this text box) that RSI has finally fallen below 70 mark. Strongly bearish signal
 

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nice round number,its a great share to get in and out of,good trading.lonmin is another that swings well
 
Yes agreed, Im short Vedanta from yesterday. Also short Xtrata - target close of weekend gap.
 
i got vod at around 112p today i think there is going to be a lot of confidence after its strong dividend payment
 
Vedanta :- Is this the right shoulder forming of a poss H & S.
 

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