HIND ZINC reversal for NEW ATH CMP : 550
made really good base and broke out of consolidation with good volumes.
a weekly closing above 550 will solidify its base.
targets and sl shown in chart.
time frame 111 candles/6months to 1 year.
NOTE : JUST A EDUCATIONAL IDEA and NOT A TRADING, BUY/SELL IDEA/TIP.
DISCLAIMER : i hold hindzinc so view can be biased.
HAPPY DANTERAS , HAPPY DIWALI.
Vedanta
$NSE:VEDL VEDANTA FOR LONG BUY TOP TO DOWN ANALYSISNSE:VEDL Vedanta looks promising and ready for upmove, Cosidering the global scenario and the rise for demand in copper and semiconductors. Vedanta stood strong and our charts also shows a leg up trajectory.
VEDANTA chart have successfully bounced from 0.618 Fibonacci forming a double bottom pattern and currently trading at 269 which is again at weekly support of 0.5 Fib and taking support from upper trendline, Now expecting the price to move from here to 316, 342, 382 and last above 400.
For next 3 to 6 month could expect Vedanta to 300 or above and any dip below 260 is buy. Patience is key and wait till all factors come together. NSE:VEDL
Please note analysis is on weekly time frame so plan your trade accordingly, These are my POV so please DYOR, and this in not investment advise.
VedantaVedanta Limited is an Indian multinational natural resources company that primarily operates in the fields of oil and gas exploration, production, and processing; metals and mining; and power generation. Vedanta Limited is a subsidiary of Vedanta Resources Limited, a global diversified metals and mining company.
VEDANTA LTD - BEST TIME TO INVEST @225Entry Level : 225
SL : 207
Targets : 245,260,285,300+
52wk High : 340.75
52wk Low : 207.85
Mkt Cap : 826.61 B
Vedanta share: Vedanta demerger was announced on Friday after the market close. In this unlocking of business, Vedanta Limited announced to demerge and diversify its business into six separate entities — Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Ltd. Vedanta demerger is a vertical saplit in which every Vedanta shareholder will be given one share of the new entities for every one share they hold.
VEDANTA
Vedanta is currently forming a bullish flag pattern
Anytime if it breaks resistance with volumes then it can reach Target 1 and Target 2 in no time
Only hinderance will be dividend record date if it recovers the dividend deduction in quick sessions then the current play will give great returns
Currently I see a breakout might happen above resistance and retest to the resistance(it will become support)
Disclaimer - Please DYOR and don't place any calls based on above charting