07-02-2024 09:47 AM | Source: Religare Broking Ltd
Stock of the day : Vedanta Ltd For Target Rs. 304 - Religare Broking

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Vedanta Ltd

* We are seeing decent traction in the metal stocks and VEDL is expected to witnessed a catch-up move.

* It has witnessed a breakout from the bullish Cup and Handle price pattern with noticeable volumes.

* Following price action and Buoyancy in the metal pack suggests upward momentum to continue.

* We thus recommend creating fresh longs in the mentioned range.

Buy Vedanta Limited CMP 283.00; Range 282-284; SL 274; Target 304

 

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