BUY : VEDL-EQ( VEDL ) [3063]

RA Name: Manjushri Sharma

TRADE RATIONALE

Stock/Instrument: VEDL-EQ (Vedanta Ltd) [3063]
Call Type: BUY
Entry Range: ₹480
Stop Loss: ₹470
Targets: ₹490 / ₹500
Upside Potential: 10
Duration: BTST / STBT
Provided by: Equity Guru MS | SEBI Reg. No. INH000019497

🔍 Technical View

• Trend Direction:
  Vedanta Ltd is maintaining a bullish price structure, trading above its 20 EMA and VWAP on the hourly timeframe, indicating continued positive momentum.

• Price Action Insight:
  The stock has shown a strong breakout from the ₹475–₹478 consolidation zone with rising volume, signaling active buying participation and renewed strength in the metal sector.

• Support & Resistance Levels:
  Immediate support is placed at ₹470 (also intraday VWAP zone).
  Resistance levels at ₹490 and ₹500 align with recent swing highs and Fibonacci extension levels.

• Volume & Momentum Indicators:
  Volume expansion on green candles confirms institutional buying interest.
  RSI sustaining above 60 on hourly and 4-hour charts supports ongoing bullish momentum.

• Sectoral View:
  The metal index is showing relative strength, outperforming NIFTY in the last two sessions — adding confidence to this trade setup.

📘 Trade Setup Summary

⚙️ Strategy Notes

✅ Enter above ₹480 on sustained strength with volume confirmation.
✅ Book partial profits at ₹490; trail stop loss to ₹475 thereafter.
✅ Exit fully by next session’s close or if SL hits ₹470.
🚫 Avoid trade if the stock closes below VWAP or ₹470 levels.

💬 Analyst View

Vedanta is witnessing renewed buying interest backed by strong metal sector performance and bullish chart setup.
Momentum indicators suggest a likely move towards ₹490–₹500 in the near term with a favorable risk–reward ratio of 1:1 to 1:2.

📜 Issued by:
Manjushri Sharma
SEBI Registered Research Analyst
📞 6269562635 | ✉️ sharma.manjushri@gmail.com
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