SANOFI, STRONG BULLISH BREAKOUT HAPPENINGBUY SANOFI INDIA 8600, FOR 1100 TO 1300. Good inverse head & shoulder breakout happening above 9200. NCLT approves demerger for their company in two different business.
Demerger
VEDL Stock Analysis and Big Demerger NewsHi Friends,
I'm getting queries from many people and so many traders are in panic who are holding VEDL shares. We observed that VEDL looking week since Jun'23 specifically after declare dividend.
I'm already shared levels of 205 to our clients and accumulated more qty yesterday.
What you should know:-
Big News
Vedanta announces demerger to split business into six listed entities
Vedanta announced creation of independent verticals through demerger of underlying companies, mainly its metals, power, aluminum, and oil and gas businesses to unlock potential value.
As stated, the company plans six separate listed entities, namely:
Vedanta Aluminum
Vedanta Oil & Gas
Vedanta Power
Vedanta Steel and Ferrous Materials
Vedanta Base Metals
Vedanta Limited
Vedanta added that the de-merger is planned as a vertical split, for every 1 share of Vedanta Limited, the shareholders will additionally receive 1 share of each of the 5 newly listed companies.
VEDANTA LIMITED - A POTENTIAL 5X IN NEXT 3 YEARSClearly visible sentimental extreme on Vedanta Limited - followed by a story of demerger (the knight in shining armor).
Another great signal is a strong bullish engulfing pattern into the closing today.
Long-term wave count:
Stupid as these may sound but we have a potential target of 1500 on this stock - may be higher.
