Vedanta
Vedanta- Trending to Move again.Vedanta Gap up the opening with a Bullish Kicker Pattern with above 20 SMA and RSI-13 above 60.
The stock is in an upward trend.
We can go for a Stoploss of 337.50/ Target -392 and BUY ABOVE - 361.20
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The author is not responsible for any loss you make in the real market.
VEDANTA Daily Chart Analysis 04.12.2021TO AKSHAY DHULE14 Sir,
Thanks for your message and as far as Vedanta is in a consolidation zone for last few days and it has a support at 332 and 324 if it breaks the consolidation zone of 334 level. And as per weekly chart the stock looks weak for a fall. So trade carefully. According to me market invariably indecisive and at this time avoid futures and options until market turns bullish.
Breakdown on Trend line with Nifty MetalsOn the last trading day, Nifty Metals had faced the breakdown of his trendline on daily chart. Now it will take support from it's next support level at 5282 & 5169 & then 5000. Such fall in Nifty Metals will cause more panic in market and we will see more decline in price of its major contributor Shares which are Tata Steel (23.56%), JSW Steel (15.38%), Hindalco (15.18%), Vedanta (9.06%).