Vedanta Ltd. (NSE: VEDL) is nearing a breakout level, trading around ₹507 with resistance at ₹512-518. The stock has surged nearly 96% in 2024, benefiting from metal sector demand and China's stimulus. A breakout could push it toward ₹607, but its high beta (1.41) indicates significant volatility.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.