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indiamarketoutlook
Jan 5, 2022 8:54 AM

Vedanta: Chart set up  Short

VEDANTA LTDNSE

Description

Vedanta

- The stock has fallen from trendline resistance level
- the stock has come below 20 day and 50 day EMA

the stock may drop towards 316 / sub 300 odd levels


Take care & safe trading...!!!
Comments
udayking88
Lets see as chances of rebound from this level looks stronger reason :-
1. aluminum is surging higher , 2. Zinc is surging higher . and 3 . Crude is back at 80$ + levels - these 3 commodities make up 70% of Ebidta for Vedanta , unless we have any uncertain event , i feel there will be triangle breakout on Upside
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