Stock of the day : Buy Vedanta Ltd For Target Rs.15

2023-09-13 12:59:19pm | Source: Religare Broking Ltd

Stock of the day : Buy Vedanta Ltd For Target Rs.15 - Religare Broking

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Vedanta Ltd

* VEDL has been underperforming within the metal pack and looks set for a fresh fall.

* After the failed attempt to surpass the hurdle around 290, it plunged sharply to 230.

* It has witnessed a fresh breakdown, after spending nearly a month below the resistance zone.

* We thus recommend initiating fresh shorts through the Put option.

BUY 230 PE Vedanta Ltd CMP 7.35 Range 6.5-7.5; SL 3.5; Target 15

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Stock of the day : Buy Vedanta Ltd For Target Rs.15 - Religare Broking

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