VEDANTA_____LONG
After Months of under performance by Metal Index, last 2-3 weeks giving indication of a trend reversal.
Metal Index has given breakout to its weekly descending Channel formation which indicates that now trend is reversing.
Similarly i have picked Vedanta from metal index which is also giving the same indication and i are bullish on the stock now.
But the buy call is only for the Positional traders and not for the Intra day as volatility will be high.
After Months of under performance by Metal Index, last 2-3 weeks giving indication of a trend reversal.
Metal Index has given breakout to its weekly descending Channel formation which indicates that now trend is reversing.
Similarly i have picked Vedanta from metal index which is also giving the same indication and i are bullish on the stock now.
But the buy call is only for the Positional traders and not for the Intra day as volatility will be high.