Vedanta: Rangebound No More? Positive News & RSI Support Upside

לפני 6 ימים

"Vedanta Limited: Rangebound No More? Positive News & RSI Support for Upside"

Stock: Vedanta Limited

Analysis:
Vedanta Limited has been consolidating within a range for the past few months, despite showcasing excellent financials. Today’s news about the release of encumbrances could act as a catalyst for a price breakout.

Key Highlights:

Positive Rating Update: Long-term credit rating upgraded to AA by CRISIL, boosting investor confidence.
RSI in Strong Zone: Indicates momentum is building, with fresh demand likely near the CMP.
Support & Resistance Levels:
Support Zone: ₹448–₹436.
Immediate Resistance: ₹470–₹477. A close above ₹477 could trigger a move toward ₹505–₹522.
Technical Setup:

Consolidation Phase: The stock is poised to break out of its range with the support of favorable news and improving sentiment.
Volume Watch: Monitor for a volume uptick to confirm the breakout.
Trade Plan:

Entry: Near current levels or above ₹477 for confirmation.
Targets: ₹505 (short-term), ₹522 (mid-term).
Stop Loss: Below ₹436 to manage risks.
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.

לפני 4 ימים

עסקה סגורה: היעד הושג

Excellent profit in a single day. Keep learning and keep sharing

לפני 11 שעות

הערה

The stock is still strong for further upmoves