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Rakesh Madhav CFA

17th Jan · SEBI-Registered Analyst

⚒️ Vedanta (VEDL): Commodity Play with Momentum Ignition

VEDL
What the chart is saying Fresh breakout from a long consolidation range Strong bullish candle with expanding volume RSI pushing into strong momentum zone Prior resistance now turning into support Why the move is interesting Vedanta is benefitting from improving sentiment in metals and commodities, along with renewed trader interest due to volatility expansion. The stock spent months digesting supply before breaking out — a classic compression → expansion setup. Market takeaway Momentum remains firmly in favour of bulls. After such vertical moves, time-wise consolidation is healthier than sharp price corrections. Trend followers will keep this on radar as long as structure holds.

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