NSE: RNAM Oversold towards 113.
Falling since beginning, with group company bankrupt, effect might be seen on this stock.
Very oversold. Short bounce back is expected, but will not last long
Price might be pushed towards 113 if consistent close below 134 level on daily chart happens
NSE: Vedanta below 159 can hit 116 or lower to 90
Company fundamentals and growth vision is good.
Current sell off is due to a news related to Anglo American Plc stake buy.
That doesn't justify the cause why purchase?
Given this scenario below 159 stock might fall to 116 or 90 levels.
131 level is one of the long term support level.
Until company come forward...