Vedanta Delisting Failure: The Upsurge of Shareholder Activism in India?

VEDL Delisting Fail Day1 - Reading Between the Lines of the Trading Data

Vedanta (VEDL IN): A Failed Delisting Will Now Pressure The Stock

Vedanta Delisting Proposal/Offer Fails (We Think)

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/vedanta-ltd" target="_blank" data-smartkarma-citation="entities:514:1" rel="noopener">Vedanta Ltd (VEDL IN)</a> plunge from the 140 sell zone has worked in our favor but now it is time to start looking at lower support levels given we met the 50% retracement at 99.Our recent insight <a href="https://www.smartkarma.com/insights/vedanta-140-barrier-sets-up-a-fade-trade" target="_blank" data-smartkarma-citation="insights:43405" rel="noopener">Vedanta 140 Barrier Sets up a Fade Trade</a> outlined a short bet near 140 with a target of 108 and then 99.Sell volumes are still strong and price action is failing to show a bottom forming which implies we head lower below the 50% retracement handle.RSI is moving into oversold buy territory setting up a tactical bounce trade from the 90 price and retracement support.Macro remains bearish given the high degree of divergence noted in the MACD and calls for shorting a recovery attempt for an assault on the lower support levels.

Vedanta Ltd (VEDL IN) plunge from the 140 sell zone has worked in our favor but now it is time to start looking at lower support levels given we met the 50% retracement at 99.Our recent insight Vedanta 140 Barrier Sets up a Fade Trade outlined a short bet near 140 with a target of 108 and then 99.Sell volumes are still strong and price action is failing to show a bottom forming which implies we head lower below the 50% retracement handle.RSI is moving into oversold buy territory setting up a tactical bounce trade from the 90 price and retracement support.Macro remains bearish given the high degree of divergence noted in the MACD and calls for shorting a recovery attempt for an assault on the lower support levels.

Vedanta - Short Target Met for Tactical Bounce and Then Lower