$NSE:VEDL VEDANTA FOR LONG BUY TOP TO DOWN ANALYSISNSE:VEDL Vedanta looks promising and ready for upmove, Cosidering the global scenario and the rise for demand in copper and semiconductors. Vedanta stood strong and our charts also shows a leg up trajectory.
VEDANTA chart have successfully bounced from 0.618 Fibonacci forming a double bottom pattern and currently trading at 269 which is again at weekly support of 0.5 Fib and taking support from upper trendline, Now expecting the price to move from here to 316, 342, 382 and last above 400.
For next 3 to 6 month could expect Vedanta to 300 or above and any dip below 260 is buy. Patience is key and wait till all factors come together. NSE:VEDL
Please note analysis is on weekly time frame so plan your trade accordingly, These are my POV so please DYOR, and this in not investment advise.