TradingSutra

VEDANTA: BEARISH

Short
NSE:VEDL   VEDANTA LTD
A steep fall which can be counted as 12345 impulse , suggests that vedanta stock is taking a correction in the form of a ZIGZAG pattern. The current rise looks like a corrective sequence of short term bearish trend which will complete this zigzag correction. One should look for short opportunity near 310 zone. keeping sl of 328 & target for the region of 260 /240 .
Manish Bhardwaj
Analyst & Co-Founder
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