Sunandamedi

VEDANTA - CUP & HANDLE FORMATION

Long
NSE:VEDL   VEDANTA LTD
PLEASE SEE THE COMMENTS IN THE CHART. STOP LOSS IS TO BE MAINTAINED.

Comments

indeed although march fall, I don't personally calculate in any stock as it was panic fall completely but Vedanta is REDDICULOUSLY cheap as an owner of Hind zinc, Cairn India, Sterlite Industries, Bharat Aluminium Company and now recent bidding done by vedanta in BPCL to buy government stakeif somehow vedanta does acquire the stack i see vedanta 250+ in next 6 monthes even without BPCL stock is highly undervalued due to recent failure of delisting it is sure to bounce to its former glory value of 300 in 1.5-2 years
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