I am biased towards longs postition for this trade if markets starts up trending.
Trend Line is important Support Line.
Long position can be initated aftr stock crosses 372.5 for T1-380, T2-388, T3-396, T4-408 SL 366
Short positions can be created if stock goes below 363 for T1-356,T2 346, T3-338 SL 371.
Stick your eyes to screen fr trading levels during next week.
Amidst the volatile market of UP Election Match, Can Vedanta get back the Momentum to stay in Channel and rally to 300.(Like Sehwag or is it the mighty Dravid whose best Test Score is 270)
From the last 2 trading session entire metal team has lost some steam and NIFTYMET index was at 2 years High on Last Monday(Rally was led by Hindalco, Tata Steel, Coal ...
The company plans to buyback shares worth Rs.800 Million(Src: BSE-Moneycontrol) through open market at the ceiling price of 315 on 31st Jan.
In volume for 15 min chart, I see buying of 360K shares @ Avg price of Rs285.
285*360,000 ~ 100 Million
Implies volume for buying share worth 800 Million to be around 2Million(more).
Experts please review this ...