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.
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