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Technicals for Vedanta Limited
By MusingTheNews
2026-02-03 21:02
Overall Technical outlook
Price Summary
On 2026-02-02, Vedanta Limited's stock began at 653.35, climbed to 674.55, dropped to 639.05, and had 1.12% to end at 660.65, with a volume of 35743297 shares. In the 52-week period, the stock's peak price is 766.35, and the lowest price recorded is 370.55. The anticipated price is forecasted to be between 480.0 and 686.0, with an average price expectation of 563.53845, based on input from 13 analysts.
Technicals
Support and Resistance: The current price sits at 660.65, supported at 622.2 and capped by resistance at 674.8. These levels define a range for VEDL where the price might stabilize, with 622.2 as a floor and 674.8 as a ceiling. Support/Resistance for VEDL
Aroon: The current reading of the AROON is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Aroon chart for Vedanta Limited
Bol. Bands: The BOLL BANDS is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Bolinger Bands chart for Vedanta Limited
Parabolic SAR: The PSAR remains bearish, establishing a resistance level that could cap any potential upward trends. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for VEDL. Parabolic Stop and Reverse chart for Vedanta Limited
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Stochastic chart for Vedanta Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages for Vedanta Limited are currently aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that this bearish momentum may be weakening. This could indicate an upcoming shift towards bullish price action, as the loss of downward momentum might lead to a potential reversal in the market's current trend. Tripple SMA chart for Vedanta Limited
Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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