Buy Price: 236
Stop loss: 228
Target price: 265 (Target 1)
VEDL is considered a very nice stock as an investment. Because of the recent event of the bulk stock selling, everyone was in panic condition. But Now, there is no need to worry. VEDL is having a support Zone @ 232. It’s taking nice support from that point.
We can invest in VEDL by setting the Stoploss as 228. and keeping the target open.
As it’s a dividend payout stock, it will provide you with quarterly income, and capital appreciation will also be there as the stock price rises.
RSI Diversion: RSI also shows a continuous rise in strength, as shown on the chart.
Verdict: BUY MODE ON
Buy Price: 236
Stop loss: 228
Target price: 265 (Target 1)
*****Disclaimer:*****
The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.
Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.
The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.
Finnova© All Rights Reserved
