This stock’s taken a nosedive recently 📉—plunging from ~$457 to $401 in just days, with heavy volume on the drop (32M shares on 4/4!). The 9-EMA crossed below the 21-EMA, signaling bearish momentum, and RSI tanked from overbought (>80) to nearly oversold (~40). No news, but the sell-off looks panic-driven. If RSI dips below 30, it *might* bounce, but for now? Risky. Hold or wait for stabilization. No FOMO here—let the dust settle! 🚀➡️🛑

Vedanta Limited operates as a diversified natural resources company in India. It explores for, develops, extracts, produces, processes, and sells oil and gas, zinc, lead, silver, copper, aluminum, iron ore, steel, pig iron, and metallurgical coke. The company also operates a thermal coal-based commercial power facility of 600 megawatts (MW) at Jharsuguda in the State of Odisha in eastern India; 2 units of 300 MW thermal coal based power plants at Korba; 1,980 MW thermal coal- based commercial power facilities; 274 MW of wind power plants; and a power plant situated at Mettur Dam in the state of Tamil Nadu in southern India. In addition, it manufactures and supplies billets, TMT bars, wire rods, and ductile iron pipes; mechanizes coal handling facilities and upgrades general cargo berth for handling coal at the outer harbor of Visakhapatnam Port on the east coast of India; and provides logistics and other allied services inter alia rendering stevedoring, and other allied services in ports and other allied sectors. Further, the company is involved in manufacturing glass substrates in South Korea and Taiwan. It also operates in Europe, China, the United States, Turkey, Mexico, Malaysia, South Africa, Namibia, Ireland, Australia, Liberia, and the United Arab Emirates. The company was formerly known as Sesa Sterlite Limited and changed its name to Vedanta Limited in March 2015. The company was founded in 1954 and is headquartered in Mumbai, India. Vedanta Limited operates as a subsidiary of Vedanta Resources Limited.

Vedanta Limited VEDL.NS: 400.05 INR

Bearish views