Long on metal index and son on best breakout stock i.e. vedanta
- Metal index has already shown a breakout around levels of 2910 so is Vedanta and Hindalco.
- Vedanta has shown a massive weekly channel breakout at levels of 180.
- Currently showing a positive RSI divergence with great volumes
- If the global rally continues to extend, the commodities/ metals are going to follow up.
- If the market has to break the levels of 12000, the metal must participate for breaking all-time highs.
- Vedanta looks up for the target 220-225
- Vedanta has shown a massive weekly channel breakout at levels of 180.
- Currently showing a positive RSI divergence with great volumes
- If the global rally continues to extend, the commodities/ metals are going to follow up.
- If the market has to break the levels of 12000, the metal must participate for breaking all-time highs.
- Vedanta looks up for the target 220-225