Vedanta's Panja-Boodha Shakti

Vedanta is in limelight for 2 major reasons.

1. Upcoming Vertical Demerger of Vedanta into 5 different stocks (The Panja-Boodhas) - Apart from the technical breakout levels, the demerger is going to lead to a humungous gain to the shareholders when each of the stock is going to rise to higher levels individually
2. The 16 year Long Box Pattern Consolidation and Breakout

A picture is worth 1000 words...

Vedanta ATH 495 created in 2008 me. 16 years ka vanvaas se bahar aane ja time hai abhi.

Long Term View:
Quarterly Chart - The Box Pattern has a Depth of 435 Points which will become the Long Term Target after Breakout above 495 - the previous ATH level. Yes it will struggle a tiny bit when it tests 495 but that's not consolidation

Long Term Target: 930

Short-Medium Term View:
Monthly Chart - Price has recently Broken out of a Rounding Bottom Pattern above 440 for target of 690
The Big Rise from 2020 and subsequent retracement made in 2022 is at Fib 0.618 level - The Golden Ratio which is a strong sign of powerful bullish rally

Short Term Target: 585 (Fib 1.0 Level), 690 (Fib 1.272 + Rounding Bottom Target)
Medium Term Target: 825 (Fib 1.618)

Reading Books is good, but kabhi kabhi theory chodke kuch picture bhi dekho. Books ka Black and White Print me Hariyali nahi dhikhayi deta. Samaj liya ? 😍

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