Stock of the day : Vedanta Ltd by Target Rs. 468 - Religare Broking Ltd

Vedanta Ltd
Buy Vedanta Ltd CMP 450.30 Range 449-451SL 440 Target 1340
* The metal space continues to witness intermediate momentum, with most stocks participating in the up move on a rotational basis.
* VEDL has been holding strong above the confluence of key moving averages, forming a small base.
* Following the recent recovery, the stock has given a breakout from a trend continuation pattern suggesting continued upward movement.
* The stock appears poised to test its previous swing-high levels. Traders can consider longs in the mentioned range.
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