Vedanta Share - Iska Time Aa gaya [Date: 29/09/2024]
*********DisclaimerBefore going through this article on must ensure that:
1. All the information provided in this article is only for educational purpose
2. Data given in this article are collected from various trusted websites such bseindia.com, moneycontrol.com, screener.in
3. I am only sharing my person view as a trader and an investor
4. Please consult your financial advisor before taking any decision
5. Trading in Equity, Commodities and derivatives involves risk
6. Dynamic Tutorials and Services and Kumar Nirmal Prasad are not responsible for any losses incurred by following this article.
7. Read Full article and then make decisions
*******************************
Before going through this article on must ensure that:
1. All the information provided in this article is only for educational purpose
2. Data given in this article are collected from various trusted websites such bseindia.com, moneycontrol.com, screener.in
3. I am only sharing my person view as a trader and an investor
4. Please consult your financial advisor before taking any decision
5. Trading in Equity, Commodities and derivatives involves risk
6. Dynamic Tutorials and Services and Kumar Nirmal Prasad are not responsible for any losses incurred by following this article.
7. Read Full article and then make decisions
*******************************
Why VEDANTA Share is on Radar?
This stock is trading above life high of R.s 495 (April 2010). Also Interest Rate Cut is Triple Bonanza for this stock.
Positives about the stock VEDANTA Share:
1. Stock is trading above 14 years life high.
2. Stock is trading above 50 and 20 DMA
3. Metal sector is in focus due to Interest rate cut and Growth Booster from China government.
4. FII and DII increased their stake and Retailer's stake is reduced
5. Demerger of Vedanta Can further Unlock Value
6. Improvement in Rating of Vedanta from CRISIL
7. Increase in Metal Prices can Further Boost Vedanta Financials
8. Cash Flow Position of Vedanta is Improving
Negatives about the Stock VEDANTA Share
1. High Debt
2. Promoters Pledge is 100%
3. Flat performance last year
4. Highly overbought zone
5. Recession in China can be disastrous for Metal Sector
***************************
1st Key Support Level: 495 to 500Major Support Price: 444Accumulation Zone: 444 to 495
1. High Debt
2. Promoters Pledge is 100%
3. Flat performance last year
4. Highly overbought zone
5. Recession in China can be disastrous for Metal Sector
***************************
Swing Trading Strategy
Vedanta Share Weekly Chart with Price Range Target (Short Term)
Vedanta Share Monthly Chart with Price Range Target (Mid Term)
Vedanta Share Monthly Chart with FIB retracement Target (Long Term)
Post a Comment
Kindly give your valuable feedback to improve this website.