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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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SEBI Registration number is INZ000174330
