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By EquityPandit

MARKET OUTLOOKSTOCK OUTLOOKVEDL

Vedanta Outlook for the Week (August 14, 2023 – August 18, 2023)

Vedanta closed the previous week on a negative note losing 4.63%.

Technically, Vedanta share price will see immediate support at 233.97 and immediate resistance would be seen at 245.47.

If Vedanta share price closes below immediate support of 233.97, then sharp breakdown can be seen. Vedanta share price will see major support at 229.73 for the week.

290.00290.00280.00280.00270.00270.00260.00260.00250.00250.00240.00240.00230.00230.00Jul 4Jul 4Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Aug 7Aug 7Aug 10Aug 10Aug 16Aug 16Reversal Level 242.37BuyBuyBuySellSellSell

On the positive side, immediate resistance will be seen at 245.47. Closing above 245.47, Vedanta share price will see a sharp breakout. Major resistance for Vedanta share price will be seen at 252.73 for the week.

Trading range for Vedanta share price for this week should be between 222.47 on down side and 256.97 on up side.

Vedanta Previous Week High: 248.5

Vedanta Previous Week Low: 237

Vedanta Previous Week Range: 11.5 Points

Vedanta share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 256.97
Resistance 2 252.73
Resistance 1 245.47
Support 1 233.97
Support 2 229.73
Support 3 222.47

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