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VEDANTA LTD
Long

Positional Trading Idea on Vedanta

Di RKMAURYA
Aggiornato
VEDL

Vedanta is closed near 341 resistance level. Crossing above 341 may lead stock to near 390 level. Trailing Stop Loss near 315 level. Drawing Fibonacci extension considering recent High near 341 and Low near 207, the 1.618 extension level is around 420 level. Stock is expected to touch 390- 420 level in near term.
Nota
Target of 390 achieved. Next target is 420 level.
Nota
Touched 420 target level on 3rd May 2024. Weekly close above 420 will pave path for target of 550. Trailing Stop Loss should be placed near 395.
FibonacciSupport and ResistanceTrend Lines
RKMAURYA
Disclaimer: Above discussion is not a Buy or Sell recommendation. This is only for educational purpose.

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