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MARKET OUTLOOKSTOCK OUTLOOKVEDL

Vedanta Outlook for the Week (August 07, 2023 – August 11, 2023)

Vedanta closed the previous week on a negative note losing 12.93%.

Technically, Vedanta share price will see immediate support at 234.35 and immediate resistance would be seen at 270.80.

If Vedanta share price closes below immediate support of 234.35, then sharp breakdown can be seen. Vedanta share price will see major support at 221.65 for the week.

On the positive side, immediate resistance will be seen at 270.80. Closing above 270.80, Vedanta share price will see a sharp breakout. Major resistance for Vedanta share price will be seen at 294.55 for the week.

Trading range for Vedanta share price for this week should be between 197.90 on down side and 307.25 on up side.

Vedanta Previous Week High: 281.85

Vedanta Previous Week Low: 245.4

Vedanta Previous Week Range: 36.45 Points

Vedanta share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 307.25
Resistance 2 294.55
Resistance 1 270.80
Support 1 234.35
Support 2 221.65
Support 3 197.90

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