VEDL is considered a very nice stock as an investment. Because of the recent event of the bulk stock selling, everyone was in panic condition. But Now, there is no need to worry. VEDL is having a support Zone @ 232. It's taking nice support from that point.
We can invest in VEDL by setting the Stoploss as 228. and keeping the target open.
As it's a dividend payout stock, it will provide you with quarterly income, and capital appreciation will also be there as the stock price rises.
RSI Diversion: RSI also shows a continuous rise in strength, as shown on the chart.
Buy Price: 236
Stop loss: 228
Target price: 265 (Target 1)
We can invest in VEDL by setting the Stoploss as 228. and keeping the target open.
As it's a dividend payout stock, it will provide you with quarterly income, and capital appreciation will also be there as the stock price rises.
RSI Diversion: RSI also shows a continuous rise in strength, as shown on the chart.
Buy Price: 236
Stop loss: 228
Target price: 265 (Target 1)