Vedanta is consolidating at the support zone before it moves up to break the downward trend line. TSI is moving upside and RSI's hidden bullish divergence indicates the price action is turning to be positive. Close above 249, downward trend line break will make the price to reach the targets 252, 254 and 257. Stoploss is 248. Always follow your trading plan.
it should not break 240.55 on closing basis, weekly chart and daily chart showing weakness. if 240 breaks next target is 230 , somehow pullback in this lcase is frfor sell on rallies. what do you say?
vanathi
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@nalinakshi, Once the price breaks 245 on closing basis it has the chance to move towards 230. Yes it is sell on rise.
shiv2798
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Yes it's on support , Zone , if you still look in deep you will see where exactly the price will turn around
Regards
Shiva Kumar