Technical analysis from Vedanta (VEDL, NYSE:VEDL) on the New York Stock Exchange (NYSE). Download the latest price data & trading signals

Vedanta
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Vedanta: Uptrend for the daily trend is continued
Short Trend /
Vedanta: Uptrend for the daily trend is continued

[BULLISH]: Vedanta is in an uptrend in the short term timeframe. The buyers have dominated the daily trade, however further confirmation is required before taking a position.

Trend continuation possible for VEDL from reduced trading activity
Bill Williams Market Facilitation /
Trend continuation possible for VEDL from reduced trading activity

VEDL: BWMF Current Signal -> (1) 12 Jan: Fake Day (2) 12 Jan: Fake Day (3) 12 Jan: Green Day

Opening Price /
Price for VEDL has opened stronger than close of the previous trading session

[BULLISH]: Vedanta opening price has gapped up. Currently, the OPEN is $21.45 (0.5 %).

Momentum /
Vedanta currently has positive momentum of 0.09

[BULLISH]: Vedanta currently has positive momentum of 0.09. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 1.4%. The largest upward momentum rally for the last 3 months is 1 days producing a return of 0%%.

Average True Range /
Recent trading indicates ATR downward trend direction likely for VEDL [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Vedanta has a TR of 0.31, and an ATR(14) of 0.395.

Relative Strength Index /
Relative Strength overbought signal has just been neutralized for Vedanta

[BEARISH]: Vedanta is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @81.6426

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Moving Average Envelope /
Initiation of overbought signal for Vedanta

[BEARISH CROSSOVER]: Vedanta current price has driven Envelope Bands to become overbought signalling the start of bearish trading conditions. Currently, the Upper Band is 20.9475.

Camarilla pivot point for VEDL is bearish. Stoploss should be positioned @$25.27
Camarilla Pivot Points /
Camarilla pivot point for VEDL is bearish. Stoploss should be positioned @$25.27

Vedanta has broken the first Camarilla support point ($19.87) [Bearish]. Look for a short limit order entry near this point. Exit price for VEDL should be set @$18.071 & short position stoploss for Vedanta should be set between $25.27 & $27.069

[Short]: Limit orders for Vedanta should be set at $21.514
Pivot Points /
[Short]: Limit orders for Vedanta should be set at $21.514

Vedanta has broken the first support point ($21.514) [Bearish]. Look for a short limit order entry near this point. Exit price for VEDL should be set @$21.357 & short position stoploss for Vedanta should be set between $21.837 & $21.994

Medium Trend /
Vedanta has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Vedanta has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jan 10 2018.

Elders Force Index /
[Bullish]: Elders Force Index (61701) confirms buying pressure remains

[BULLISH]: Vedanta current price has highlighted recent buying pressure. Currently, the Elders Force Index is 61701.

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bullish for Vedanta

[BULLISH]: Vedanta currently has a confirmed uptrend. Price is currently above the displaced moving average for VEDLCurrently, the return on DPO20 is 1.4%.

DVI: Accumulation still active for Vedanta
Daily Volume Index /
DVI: Accumulation still active for Vedanta

VEDL: DVI Current Signal -> (1) 12 Jan: BULLISH (2) 12 Jan: BULLISH (3) 12 Jan: BULLISH CROSSOVER

A short term Gap Up has formed with Vedanta
Gap Up /
A short term Gap Up has formed with Vedanta

VEDL: Bar Reversal Recent Trading -> (1) 12 Jan: Gap Up (2) 12 Jan: Pivot Reversal (3) 12 Jan: No bar reversal is present

Close Tod Vs Range Tod /
Vedanta closed in the upper part of daily range at 95.8%.

[BULLISH]: Vedanta buyers are in control at the market close. There has been 3 consecutive days of prices closing in the upper part of the trading range for Vedanta adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 11 trading days with the closing price in the upper part of the range giving a confirmation ratio of 52.4%. Over the last month there has been 7 trading days with the closing price in the upper range giving a confirmation ratio of 77.8%. Currently this quarter, closing price has spent 7 days in the upper price range compared to 1 days in the lower range giving a ratio of 7x.

Percentage Price /
Vedanta currently has positive PPO 3.500

[BULLISH]: Vedanta currently has positive PPO 3.500%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Open Tod Vs Close Tod /
Open/close reversal confirmed for Vedanta signalling the buyers were in control all day.

[BULLISH STRONG]: Vedanta opened in the lower part of daily range at 4.2% & closed in the upper part of the trading range at 95.8%. This suggests the buyers were in control all day. Over the last 12 months there has been 4 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 19%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 11.1%.

Vedanta is in a short term uptrend with the support price @$21.481
Triangular Moving Average /
Vedanta is in a short term uptrend with the support price @$21.481

[BULLISH]: Vedanta currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 1.4%.

Vedanta: Daily closing price is $21.67 [Bullish]
Closing Price /
Vedanta: Daily closing price is $21.67 [Bullish]

[BULLISH]: Vedanta current uptrend in the first timeframe. Currently, the Close is $21.67.

Vedanta: Coles Rally Day for the daily trend is confirmed
Coles Reaction Day /
Vedanta: Coles Rally Day for the daily trend is confirmed

Vedanta: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for VEDL

Close Tod Vs Close Yest /
Daily trading performance for VEDL has continued a short term uptrend

VEDL: Recent performance signals ->(1) 12 Jan: BULLISH (2) 12 Jan: BULLISH (3) 12 Jan: BULLISH

Average Directional Movement /
Vedanta: Average Directional Index (96.67) has confirmed a extremely strong trend is present

[Strong Trend]: ADX for VEDL has confirmed an extremely strong trend is presentVedanta has an ATR(14) of 0.395, a DX of 94.03 & an ADX(14) of 96.67

Commodity Channel Index /
Trading conditions for Vedanta have reduced trend reversal potential

[NEUTRAL]: Vedanta current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 81. The previous bearish signal was active for 4 days. During the quarter, the highest CCI value was 124.

Chaikin Money Flow /
Chaikin Oscillator crossover confirmed signalling potential entry for Vedanta

VEDL: Chaikin Oscillator Current Signal -> (1) 12 Jan: BULLISH CROSSOVER (2) 12 Jan: NEUTRAL (3) 12 Jan: BULLISH CROSSOVER

Vedanta was easily moved upward on low volume in recent trading [Bullish]
Ease of Movement /
Vedanta was easily moved upward on low volume in recent trading [Bullish]

VEDL: EOM Recent Trading -> (1) 12 Jan: 14.423 (2) 12 Jan: 28285.2 (3) 12 Jan: 306.021

Percentage volume oscillator remains positive for VEDL
Percentage Volume /
Percentage volume oscillator remains positive for VEDL

[BULLISH]: Vedanta currently has positive PVO 4.9%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 2.7%.

Weighted Moving Average /
[Bullish]: Trend following indicator for VEDL highlights upward price direction is likely

VEDL: WMA Current Signal -> (1) 12 Jan: BEARISH CROSSOVER (2) 12 Jan: BEARISH (3) 12 Jan: BEARISH

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