Metal stocks have outperformed the sensex in the past year. The price of Vedanta
has doubled in the past year and the stock is still showing strength. Recently the stock touched the yearly high of 240. Since the past few trading sessions the stock has dipped to 216 levels. This is a good price to enter this stock. The spinning top
is indicative that the bear run may be near exhaustion. The A/D diverges with the price trend indicates the weakness in the current bearish pattern
Suggest buy at current levels with potential upside to 250 and stop loss at 200.