Vedanta – Bottomed out ?

The entire Metal index has been hammered for a long time now, especially VedantaVEDL which is amongst the worst hit stocks.

I can see some green shoots emerging today with the stock giving a falling wedge breakout and rising RSI.

Good opportunity to go long here with a small stop loss for a first target of 222.


Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.