Vedanta (VEDL) is breaking down from a symmetrical triangle pattern on the daily chart, signaling potential downside momentum.
I secured my short position in VEDL before the closing bell today.
Amid bearish technicals, fundamentals add pressure: Vedanta's deleveraging efforts face trust issues with the Indian government, which accuses its oil business of accounting lapses and opposes the proposed split into five units.
The Ministry of Petroleum objects over a legal tussle on $578M dues from Cairn Oil & Gas, withholding payments despite an ongoing appeal. Watch for further declines if support breaks—targeting lower levels. Risk management advised.
I secured my short position in VEDL before the closing bell today.
Amid bearish technicals, fundamentals add pressure: Vedanta's deleveraging efforts face trust issues with the Indian government, which accuses its oil business of accounting lapses and opposes the proposed split into five units.
The Ministry of Petroleum objects over a legal tussle on $578M dues from Cairn Oil & Gas, withholding payments despite an ongoing appeal. Watch for further declines if support breaks—targeting lower levels. Risk management advised.
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> Apply on any chart, any time frame.
> Works on all markets: Stocks, crypto, forex, commodities, FnO
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Think indicators don’t work? Test it yourself with a FREE 7-Day Trial. No card needed: Risological.com
> Apply on any chart, any time frame.
> Works on all markets: Stocks, crypto, forex, commodities, FnO
> Apply on any chart, any time frame.
> Works on all markets: Stocks, crypto, forex, commodities, FnO
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.