The entire Metal index has been hammered for a long time now, especially Vedanta
VEDL
which is amongst the worst hit stocks.
I can see some green shoots emerging today with the stock giving a falling wedge breakout and rising RSI.
Good opportunity to go long here with a small stop loss for a first target of 222.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
VEDL
which is amongst the worst hit stocks. I can see some green shoots emerging today with the stock giving a falling wedge breakout and rising RSI.
Good opportunity to go long here with a small stop loss for a first target of 222.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.