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Kesari-Bath

Vedanta: Negative Divergence. Be ready to sell.

Short
VEDANTA LTD (NSE:VEDL)  
Kesari-Bath Updated   
NSE:VEDL   VEDANTA LTD
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Vedanta is forming a clear negative divergence on Price vs MACD. A reversal is imminent. Keep a finger on sell button. Levels of 190 could be tested.
Comment:
Unusual movement in the metal prices in the global market has given extreme momentum to all metal stocks. While a short term reversal is imminent, a pull back to 245 levels could present fresh buying opportunity.
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