VEDL India - This one goes onto top of the tracking list

Jul 10, 2023

Vedanta has a few things going for it

1. Bears tried to bring the stock down a few months back and failed. News of fund raising kept it high
   
2. News of capital efficiency is coming in and news of a new fund raise by selling off steel assets
   
3. COnsolidation on a weekly and daily basis - the stock seems to be waiting for some news
   
4. Results will come soon but the last 2 results have been fairly irrelevant - this is now a special situations play
   

Am tracking this stock closely - any upshift in momentum with volumes is a cue to get onborad

Disclaimer - Trading is inherently very risky and by some estimates 95% of traders lose money. The ideas professed here are only for education and information - they must not be construed as investment advice. Please do your own research before putting any of your capital at risk.

Jul 11, 2023

Note

2% down on foxconn news - i think that news is already in the market. Observing now to get into the stock at a good price.

Jul 20, 2023

Note

Still in the box - wait and watch still

Jul 23, 2023

Note

Still holding the 21 - so nothing to do here. If it fails - then take it off the watchlist

Jul 24, 2023

Order cancelled

Nothing setting up properly - cancel