The entire Metal index has been hammered for a long time now, especially VedantaVEDL which is amongst the worst hit stocks.
I can see some green shoots emerging today with the stock giving a falling wedge breakout and rising RSI.
Good opportunity to go long here with a small stop loss for a first target of 222.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
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.