Vedant Fashions is engaged in manufacturing, trading, and sale of readymade ethnic wear for men, women and kids primarily in India.
PE Ratio: 182.32
PB Ratio: 22.20
Sector PE: 1,245.48
Sector PB: 6.10
Sector Div Yld: 0.51%
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
VEDL will be bullish after it crosses and trade above 276. Also it is trading in uptrend channel.
--For Intraday buy above 276. And Targets mentioned on charts are for Intraday purpose.
--For Positional Trade, buy above 276 only and keep next target 296 as per Fibonacci levels.
--If it breaks down the channel then it will go to test the demand...
Ascending triangle pattern observed in Daily time frame. Purely from pattern standpoint it suggests confirmation for a possible Bull trend. However, looking closely at recent price action and Fibonacci levels, 170-174 looks to resist an up move. Hence a daily close above 174 would make the case for Bulls stronger. Alternatively, based on one's individual risk...