May 28, 2018

Sterlite Protest Gives a Monthly sell for Vedanta

  • Vedanta Month chart with sell signals highlighted from year 2010.
  • Past 2 sell signals along with MACD worked well.
  • Current sell signals is accompanied by agitation against one of its plant in Tamilnadu.
  • The buy signals in 2009 and 2016 have also worked very well with this set up. So its better to wait for such a signal to emerge to enter this stock. Till then its a sell.