‹ All Posts
Rakesh Madhav CFA

29th Nov · SEBI-Registered Analyst

Vedanta Ltd — Metals Back in Action ⚙️

VEDL
added 1.3% to ₹526, rebounding smartly from its recent lows amid broad-based buying in metal counters. Technical View: Price reclaimed ₹520+ zone, confirming a short-term trend reversal. RSI (14) at 62, showing recovery from mid-range with room for upside. OBV uptick and rising volumes hint at renewed accumulation. Support: ₹510 | Resistance: ₹535–₹545 | Bias: Positive near-term momentum. Fundamental View: Global commodity rebound and stable metal prices providing tailwind. Strategic restructuring and dividend clarity improving investor sentiment. Analysts expect stability in cash flows as operational metrics improve across verticals. Outlook: Vedanta looks poised to retest ₹540+ levels if buying sustains; short-term uptrend intact above ₹510

#SectorBreakouts#EquityResearch#TechnicalViews#FundamentalViews#StockInNews
907 likes·47 comments