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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.
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 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."

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