Vedanta Ltd (VEDL): Price Now Near $15.58; Daily Chart Shows An Uptrend on 50 Day Basis
Get Ratings)’s price is up $0.04 (0.23%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as VEDL has now gone up 8 of the past 10 hours. As for the trend on the hourly timeframe, we see the
clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Out of Steel Works Etc stocks, VEDL ranks 5th in regards to today’s price percentage change.