Daily Chart Analysis on

VEDL

Technical View (Daily Chart) The

stock formed a strong bullish candle today with a breakout above multiple moving averages. Parabolic SAR (dotted indicator) has flipped below price, confirming a bullish reversal. RSI (57.9) is in the neutral-to-positive zone, suggesting further upside potential. MACD is still slightly negative, but bullish momentum indicates a possible positive crossover soon. Key resistance is placed at 455–462; sustaining above this zone may open the path towards 470–480. Support levels are at 438–430, with major support near 420. Fundamental View Vedanta is a diversified natural resources company, engaged in zinc, silver, aluminium, copper, iron ore, oil & gas, and power businesses. The company carries a high debt burden, and its large dividend payouts sometimes raise concerns about cash flow pressure. Earnings are highly sensitive to the commodity cycle (aluminium, zinc, oil & gas prices). Global demand recovery, China’s growth outlook, and USD-INR movement will play a critical role in performance.