Price action in Vedanta (NSE: VEDL) looks strong as seen on this monthly chart. The stock seems to have broken out of this tilted trendline and is heading toward All-time high of 495-500 zone. Long can be initiated above 385 for 495 as the target. SL may be kept at Jan'22 low of 307.
Note that this is monthly chart and hence target & stop loss are relatively big. Also, time horizon is 3-6 months.
Note that this is monthly chart and hence target & stop loss are relatively big. Also, time horizon is 3-6 months.