Hello All, As per last update in April 2017 - suggested stock could be in early wave 5 - move was choppy from 360-400 zone -we expected 570's -it went to 525 & took a turn. Note Setting stops sometime is very tough as some stocks like bajaj corp they move in untidy way. Took our stops below 360 -hardly slipped to 340 & pushed upside. Trading Strategy Next...
immediate targets in case we hold we hold this higher low , push up are 970 and 1050
Details on chart.
Vedanta has been in a downtrend for sometime, despite strong fundamentals, amid global pressure on metals due to trade war and other macro-economic factors. We're in a squeeze and a break above the resistance trend line could deliver a great buying opportunity for this natural resources stock.