1 day ago
Analyst Sees Mixed Trading Signals for Vedanta, ITC and Infosys
The article gives trading outlooks for three companies’ shares.
Vedanta is showing signs of weakness and may move lower.
Its key support is Rs 238, while Rs 264 is a level to watch for a possible recovery.
ITC has been moving sideways at lower levels.
If it falls below Rs 245, it could decline further.
Infosys is showing more positive signs.
The article suggests considering a buy if it closes above Rs 1,035.
It gives a target range of Rs 1,105–1,240 and a stop loss of Rs 980.
Vedanta has a negative-to-sideways outlook, with support at Rs 238 and resistance at Rs 264.
Vedanta could drift toward Rs 238–230; a move above Rs 264 may open a rally toward Rs 275–290.
ITC is consolidating at lower levels, and a break below Rs 245 could trigger further declines.
Infosys has a positive near-term outlook, with a suggested buying level above Rs 1,035 on a closing basis.
Infosys has a target range of Rs 1,105–1,240 and a stop loss at Rs 980.
- Who
- Vedanta Ltd, ITC Ltd and Infosys Ltd, as assessed in the article.
- What
- The article provides technical outlooks and trading levels for the three stocks.
- Where
- Not stated.
- When
- Not stated.
- Why
- The outlooks are based on chart patterns, price levels and momentum indicators described in the article.
Key facts
- Vedanta outlook
- Sideways to negative
- Vedanta levels
- Support at Rs 238; resistance at Rs 264; potential support zone at Rs 238–230
- Vedanta potential rally
- A move above Rs 264 could lead toward Rs 275–290
- ITC outlook
- Consolidation at lower levels
- ITC support
- Rs 245; a break below it could trigger a further decline
- Infosys suggested entry
- Fresh buying above Rs 1,035 on a closing basis
- Infosys target and stop loss
- Target: Rs 1,105–1,240; stop loss: Rs 980
Sources
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