🧠 Technical Analysis (Weekly Timeframe):
Key Levels Marked:
Resistance: ₹506.45 (Marked in blue)
Support: ₹379.40 (Marked in teal)
🔍 Price Action Insight:
Major Resistance Zone – Around ₹506:
This level has been tested multiple times without a breakout.
Price faced strong rejection from this zone.
Psychological round figure as well.
Support Retest Successful – Around ₹379:
Price recently tested this support and gave a bullish reversal candle.
The long wick and green body indicate buying pressure at this level.
Current Price: ₹400.05
Trading near the middle of the support-resistance range.
Strong weekly bullish candle after a pullback.
+5.23% gain with healthy volume – signals potential continuation.
📊 Volume Analysis:
Last bullish candle formed with 28.47M volume, higher than previous few weeks.
Indicates institutional activity at support level.
🔔 What to Watch:
If price sustains above ₹400, next target could be ₹440–₹460.
Above ₹506 on weekly close = fresh breakout & possible upside continuation.
Breakdown below ₹379 = weak structure & potential fall to ₹340–₹320 zone.
🧾 Disclosure:
This is a technical analysis based on historical price behavior, not a stock recommendation.
Please consult a SEBI-registered advisor before making any investment decisions.
I do not hold any position in Vedanta Ltd at the time of this analysis.
Key Levels Marked:
Resistance: ₹506.45 (Marked in blue)
Support: ₹379.40 (Marked in teal)
🔍 Price Action Insight:
Major Resistance Zone – Around ₹506:
This level has been tested multiple times without a breakout.
Price faced strong rejection from this zone.
Psychological round figure as well.
Support Retest Successful – Around ₹379:
Price recently tested this support and gave a bullish reversal candle.
The long wick and green body indicate buying pressure at this level.
Current Price: ₹400.05
Trading near the middle of the support-resistance range.
Strong weekly bullish candle after a pullback.
+5.23% gain with healthy volume – signals potential continuation.
📊 Volume Analysis:
Last bullish candle formed with 28.47M volume, higher than previous few weeks.
Indicates institutional activity at support level.
🔔 What to Watch:
If price sustains above ₹400, next target could be ₹440–₹460.
Above ₹506 on weekly close = fresh breakout & possible upside continuation.
Breakdown below ₹379 = weak structure & potential fall to ₹340–₹320 zone.
🧾 Disclosure:
This is a technical analysis based on historical price behavior, not a stock recommendation.
Please consult a SEBI-registered advisor before making any investment decisions.
I do not hold any position in Vedanta Ltd at the time of this analysis.
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8986506414
Telegram Channel -t.me/PankajJain_EYE
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Penafian
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.
Subscription Plans Free : eyeontrade.com
Whatsapp @8986506414
Telegram Channel -t.me/PankajJain_EYE
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8986506414
Telegram Channel -t.me/PankajJain_EYE
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Penafian
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.