Vedanta Limited (NSE: VEDL) on the daily (1D) timeframe,
Support Levels: ₹450.05: This is the recent low and a crucial support level ₹440.00: Another significant support level, close to the 50-day EMA Resistance Levels: ₹470.35: The recent high and an immediate resistance level ₹480.00: A higher resistance level to watch if the stock breaks above the recent high
Vedanta Limited is a multinational mining and resources company headquartered in India. It is a subsidiary of Vedanta Resources, a UK-based company. The company operates in several countries, including India, Zambia, Australia, and Ireland.
Here are some key levels related to Vedanta Limited:
Stock Price: Listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India, with a current market capitalization of over ₹2.5 lakh crore (approximately $34.5 billion USD) Share Price: Currently trading around ₹250-300 per share (subject to market fluctuations) 52-Week High/Low: ₹315 (52-week high) and ₹170 (52-week low) Market Capitalization: Over ₹2.5 lakh crore (approximately $34.5 billion USD) Earnings Per Share (EPS): ₹14.39 (TTM - Trailing Twelve Months) Price-to-Earnings Ratio (P/E Ratio): Around 15-20 Dividend Yield: Around 4-5%
VEDL The price gives a breakout of Multi Moving Averages after a strong convergence in Ema bands. Also RSI gives signal for a move of 8 to 9% on daily charts.
VEDL for investment purpose for period of 8 months to 1year or 15months price got bottom out tested 52week low & reversed on monthly timeframe took exact support from 206;so I'm expecting a price turnaround i.e. continuation upside till 300 levels by next 6months and stop loss at 208. Note: this is just a observation & price may reach that level or may not reach so pls consult with your financial advisor before investing as the reason for choosing this scrip is strong fundamentals & previous performance track record; once reaches 300 sl will be trailed to 230-255