Break Out Trade in Vedanta Limited

Date: 7-Feb-2022
Rating: Buy
LTP: Rs. 366.65
Target: Rs. 385-->440
SL: Follow the trailing SL indicated by the moving averages on closing price basis.

VEDL has created a break out from the current secondary trend as well as its long term resistance level of 355 with increased volume. EMA, MACD and RSI are giving bullish signals.

Disclaimer: Investing in stock market is risky. One should do a self analysis and validation before investing in stock market.

Comment:

Date: 22-Mar-2022
LTP: 407. 11% up from suggested level. Heading towards the 2nd target.

Comment:

Date: 4-Apr-2022
LTP: 421.45. At 52 WK high.
18.27% up from suggested level. Close to the 2nd target.

Comment:

Date: 6-Apr-2022
LTP: 432.60.
21.40% up from suggested level. Very close to the 2nd target of 440.

Comment:

Date: 28-Apr-2022.
LTP: 411.65

The Board of Directors of the Company have approved First Interim Dividend of ₹ 31.5 per equity share i.e. 7.5% of the LTP.

Suggested on 7-Feb at 366 for target of 385 and 440. Both targets already reached and than came back to current level (411). Again will see the bull run, crossing 440 again and than the next target will be 495.