VEDANTA (NSE: VEDL)
Vedanta is approaching a crucial technical breakout zone after a prolonged downtrend.
🔹 Major Support:₹220–225
🔹 Immediate Support: ₹240–243
🔹 Breakout Zone: ₹247–250
🔹 Upside Resistance: ₹260–265, ₹280, ₹300
A sustained breakout above the descending trendline with strong volume may indicate a potential trend reversal.
Key Observation: Watch for a decisive daily candle close above ₹250 for confirmation.
Disclaimer: For educational purposes only. Not a buy/sell recommendation. Please do your own research.
#VEDANTA #VEDL #TechnicalAnalysis #TrendlineBreakout #PriceAction
Vedanta is approaching a crucial technical breakout zone after a prolonged downtrend.
🔹 Major Support:₹220–225
🔹 Immediate Support: ₹240–243
🔹 Breakout Zone: ₹247–250
🔹 Upside Resistance: ₹260–265, ₹280, ₹300
A sustained breakout above the descending trendline with strong volume may indicate a potential trend reversal.
Key Observation: Watch for a decisive daily candle close above ₹250 for confirmation.
Disclaimer: For educational purposes only. Not a buy/sell recommendation. Please do your own research.
#VEDANTA #VEDL #TechnicalAnalysis #TrendlineBreakout #PriceAction
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Disclaimer
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.