Vedanta hits 29-month low; chart suggests big down side

  • The stock has been forming inverted flag pattern in the daily chart around 155 to 165 level.
  • The stock has broken the major support at 190 level and hit a 29-month low on Feb 1, 2019 with a high-volume breakdown gap.

  • In the last 30 days, Vedanta has closed lower by 16.15% meanwhile Nifty metal index has closed 6.12% lower.
  • A break below the 155 level would provide confirmation for big down side rally.
By | 2019-02-06T19:32:54+00:00 February 6th, 2019|Categories: Stocks to Sell|Tags: |0 Comments

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Vedanta hits 29-month low; chart suggests big down side

Vedanta hits 29-month low; chart suggests big down side The stock has been forming inverted flag pattern in the daily chart around 155 to 165 level. The stock has broken the major support at 190 level and hit a 29-month low on Feb 1, 2019 with a high-volume breakdown gap. In the last 30 days,