VEDLIndia's Hindustan ZINC on Wednesday declared a dividend for the second time this fiscal, amounting to 25.35 billion rupees ($304.28 million), of which the major benefactor will be cash-strapped Vedanta (VADN.NS), holding a 64.9% stake.
The dividend of six rupees per share is below the seven rupees that the company had announced in July and lower than 26 rupees in March as well as 13 rupees in January.
The announcement comes at a time when Vedanta's UK-based parent, Vedanta Resources, is battling a host of rating downgrades, triggered by worries over outstanding dues, including $4.2 billion that the company has to pay by fiscal 2025.
VEDL trade ideas
VEDLStock name = VEDANTA Limited.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
vedantaas i have discussed earlier about vedanta that vedanta has touched the lower side of the channel and its time to grab this opportunity. there can be a uper channel target which is nearly to the 300rs. how? market has corrected and 2024 has an election so if market touch new high Vedanta can be a bull. refer my old post for technical chart.
Two signs of bullishness in vedanta?🤔It is clearly visible that vedanta is on its main support level which is 205-210 as from this level vedanta had always given a bullish move so we can expect that this time its not be different case and second sign of bullishness is that it is forming a Double Bottom too.
Now, the target will be 300 as its psychological resistance and long target will be considered 330-340 and stop loss is pretty simple if it breaks its major support that will be the stop-loss but don't exit immediately if you bought at this level it might be trap of operators becoz they know what retailers will think.
Personal view not recommendation.
vedanta news influence and price manipulationas we can see in the daily time frame there is a descending channel pattern formed. and right now it is at the lower low so we can buy it. and in the weekly frame it is forming a "w" which signifies a bullish pattern.
news: with the news perspective wehn ved was at 250 the news of devidend was so influencing that every retailer was buying ved at any price. once it has reached 330approx the fraud news and foxcon cancel deal ame in picture. it affect the stock price by 100 rs. now if see in news everyone is talking about sell vedanta. but when we see in the tech chart in 1 day and 1 week time frame both the time frame is showing bullish patterns. so, its a clear picture of influence of news on retailers for buy at high and sell at low.
strong buy vedantaAs we can see the downward channel in vedanta. and on friday it has took the support from the bottom of the channel. we can see that from the last 3 4 months vedanta is trading on lower low due to its highly paying dividend. is went down to the 210 from 330 approx. in last 6 months to 1 year. but i think its a dead end and over sought stock so even if we see the fundamentals of the company, they are strong. will be the first company in the segment of semi conductor. so, vedanta is on the discounted price right now. strong buy recomendation
VEDANTA LTD - BEST TIME TO INVEST @225Entry Level : 225
SL : 207
Targets : 245,260,285,300+
52wk High : 340.75
52wk Low : 207.85
Mkt Cap : 826.61 B
Vedanta share: Vedanta demerger was announced on Friday after the market close. In this unlocking of business, Vedanta Limited announced to demerge and diversify its business into six separate entities — Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Ltd. Vedanta demerger is a vertical saplit in which every Vedanta shareholder will be given one share of the new entities for every one share they hold.
Vedanta now at very strong support area may reverse from hereOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
A relook at VedantaI had to go back analyze the chart again....It is at critical level, but I think it might go lower....I'm still buying this stock in small quantities...but those who are risk averse might want to stay away for a while...Lets hops it gets support around 150=160 levels, but if that is also broken then expect to see 60-70....I'm expecting some positive results for this quarter...That should give it some momentum upwards......all the best....
Will Vedanta be the next RelianceVedanta definitely wants to see higher prices, now at level of support which was resistance earlier.....Any good news can propel this company to new heights.....My personal target is 1050.....I'm only investing 10% of my capital, will continue to add on every negative day or any price below my average cost......you can start adding little by little from today onwards....I'm not mentioning stop loss as I'm an investor and a swing trader at best...use your own risk management...
Vedanta Resources Is Disaster in making.Vedanta has been in news for some time now for many reasons.
Looking at the medium-term chart it is looking for quite weak ... with the support line at threat .. looks like Vendanta may be moving to double digit over the period... once the trend line is broken