POSITIONAL IDEA - VEDANTA (VEDL)

Vedanta Ltd, one of India’s leading diversified natural resources companies, is showing a strong long-term breakout setup supported by powerful technical signals.

Reasons are listed below :

• Attempting a multi-year breakout after nearly 14 years of consolidation
  
• Potential VCP (Volatility Contraction Pattern) breakout forming
  
• Bullish engulfing candle on the monthly timeframe
  
• Consolidating near all-time highs, showing strength in price structure
  
• Trading above 50 & 200 EMA on both weekly and monthly charts
  
• Maintaining a clear higher-high, higher-low trend structure
  

Target - 625 // 710
Stoploss - monthly close below 395

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