Vedanta Limited Multiyear Breakout Candidate
Vedanta Limited has given a good weekly closing above its year 2010 resistance level after a good consolidation .
Usually Such Multi year Breakouts are good for positional trading
Potential upside targets according to Fibo are
Target 1- 640 to 650
Target 2 ~800
As this is a multiyear breakout so it will may take months to reach those levels
So be patient
Happy trading
Usually Such Multi year Breakouts are good for positional trading
Potential upside targets according to Fibo are
Target 1- 640 to 650
Target 2 ~800
As this is a multiyear breakout so it will may take months to reach those levels
So be patient
Happy trading
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