Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
15 April, 2021 19:41 IST
Buy Vedanta; target price of Rs 220: Motilal Oswal
Source: IRIS | 02 Mar, 2021, 09.29AM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 Motilal Oswal Financial Services has recommended buying Vedanta with stop-loss of Rs 201 and target of Rs 220.

Commenting on the outlook, the broking firm said, "Vedanta is moving in an uptrend by maintaining Higher Tops Higher Bottoms formation on weekly chart. We also witnessed long rollovers in the stock from February series. Despite the sharp fall in broader market on Friday; VEDL managed to hold at higher levels, which shows inherent strength in the counter. RSI oscillator is also placed positively on daily and weekly scale.  Considering current chart structure and derivatives data, we advise traders to buy the stock for an up move towards 220 with stop-loss of 201."

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

 Post Comment
Name Email
Security Code type    into this box
Related Articles
Nagpur Power & Industries gets nod to increase stake in subsidiary company - 14-Apr-2021 20:29
Inox Leisure starts commercial operations of Multiplex Cinema Theatre in Bangalore - 14-Apr-2021 19:03
Venus Remedies enters into partnership with West Pharmaceutical Services - 14-Apr-2021 17:30
IDBI Capital maintains Accumulate on TCS with target of Rs 3,530 - 14-Apr-2021 12:31
TCS 4QFY21: Strong FY21 exit rate and deal wins to drive growth in FY22: Motilal Oswal - 14-Apr-2021 09:21
ELGi partners with Italian Red Cross to maintain critical COVID-19 response vehicles - 14-Apr-2021 08:50
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer