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Published on 17/04/2018 1:00:33 PM | Source: Reliance Securities Ltd

Buy Vedanta Ltd For Target Rs.330.00 - Reliance Sec

Posted in Broking Firm Views - Short Term Report| #Vedanta #Mining Sector #Trading Report #Reliance Securities Ltd

* The stock rose to 6-week closing high continuing prior up-trend.

* Due to recent rise in the stock, the key technical indicators recovered from their threshold levels and moved upwards.

* On the lower side, the stock will find support at its 50-week moving averages.

* Thus, long position can be initiated in range of 290-286 for the target of Rs330 with a stop loss of Rs 275.

Positional Pick

VEDL (PREVIOUS CLOSE: 290) BUY Fresh long position can be initiated in the range of Rs 290-286 for the target of Rs 330 with a strict stop loss of Rs 275.

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