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
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.