VEDL presents compelling buy-side technical opportunity consolidating above crucial pivot ₹453.20 support (S1 ₹435.40/S2 ₹405) holding 200-SMA confluence after metals sector correction, with bullish MACD crossover and RSI(73.50) momentum confirming accumulation phase despite short-term overbought CCI readings. Higher lows formation near ₹440 zone alongside volume spike validates capitulation exhaustion creating favorable risk-reward setup targeting R1 ₹483.60/R2 ₹501.40 resistance breakout, attractive long entry with tight stops below S1 ₹435.40 for optimal upside capture in this base metals leader amid global commodity rebound.
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