Falling Trendline News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Vedanta Ltd has rallied over 20% in the last 3 months, breaking out from a falling trendline pattern. Short-term traders can buy the stock now, with a target of Rs 295-300 in 4-6 weeks. The stock rose from Rs 227 to Rs 274 in 3 months, and it has risen over 9% in a month. After a price-wise correction, the stock found support above the 200-week moving average and hit a 52-week high of Rs 340. It is now trading above crucial short- and long-term moving averages, with a bullish momentum.

From a technical standpoint, the US Dollar might be readying to extend gains against its major peers. Where to for EUR/USD, GBP/USD, AUD/USD and USD/JPY?

Analysts said Nifty may witness further bounce if it manages to hold above this level. Can the index manage to take out the 15,300 level this week? Or will we see some more consolidation?

: Thursday, May 20, 2021, 4:22 PM IST Markets plunge in last hour sell-off, traders see momentum gaining back once Nifty settles above 15k File Photo The benchmark Indices closed on a negative note with Sensex down 0.68 percent and Nifty 50 down 0.83 percent mostly led by metal and banking stocks with Nifty Metal closing down at 3.21 percent and Nifty Bank declining 1.04 percent. Equity benchmarks extend losses, in line with Asian peers, as traders weighed Fed minutes that flagged the possibility of asset purchases, said Mohit Nigam, Head-PMS, Hem Securities. Metal stocks are witnessing pro...