Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 10th Oct
Vedanta Ltd. (VEDL) – 14-Year Range Breakout on Monthly Chart! 🔥
VEDL
📊 Technical View (Long-Term Breakout Alert)
Vedanta has finally approached the upper boundary of a massive 14-year consolidation range (₹480 zone).
A monthly close above ₹485 will confirm a multi-year breakout, unlocking a potential move toward ₹900–950 — an ~88% upside from the breakout level.
This is one of the cleanest range formations seen on a monthly chart, with price coiling for more than a decade — a setup that often leads to massive directional expansion.
Volumes are gradually building up over recent months, showing early signs of smart accumulation.
Once confirmed, this breakout can mark the start of a new commodity supercycle leg for Vedanta.
📈 Fundamental View
Vedanta is a diversified natural resources major, with exposure across aluminium, zinc, oil & gas, power, and now semiconductors and display fabs via group initiatives.
The debt restructuring plan and dividend clarity have improved investor sentiment.
Rising global metal prices (Aluminium, Zinc, Copper) provide tailwinds to earnings.
The company’s focus on deleveraging and simplification of structure adds to re-rating potential.
Strong cash flows from core businesses continue to support consistent high dividend yields.
✅ Conclusion:
Vedanta is on the verge of a decade-long breakout above ₹485.
Targets: ₹900–950 (long term)
Support: ₹400
Bias: Extremely Bullish on sustained close above ₹485.