Vedanta Ltd is within an approximate
horizontal trend channel in the medium
long term, which indicates further
development in the same direction. A head
and shoulders formation is under
development.
A decisive break of the
support at 252, ideally with an increase in
volume, signals a further fall. The stock is
approaching support at 277 rupee, which
may give a positive reaction. However, a
break downwards through 277 rupee will
be a negative signal. The stock is overall
assessed as technically positive for the
medium long term.