Stock Market Analysis of 31.08.2024

Stock MARKET ANALYSIS of 31.08.2024

Techincal Analysis of VEDANTA

Vedanta Limited (VEDL) had a relatively quiet trading session today, showing minimal price movement and ending the day nearly flat. Let’s delve into the intraday price action, key technical levels, and what this might indicate for the next trading sessions.

Open: ₹465.50

High: ₹466.35

Low: ₹464.50

Close: ₹465.55

Vedanta’s trading today reflects a period of indecision with minimal price movement. The stock remains in a consolidation phase, and traders should be prepared for a potential breakout or breakdown in the upcoming sessions. Monitoring key support and resistance levels, along with volume changes, will be crucial for anticipating Vedanta's next move.

Technical Analysis of WIPRO

Wipro Limited (WIPRO) experienced a range-bound trading session, reflecting a day of cautious market sentiment.

Open: ₹540.95

High: ₹542.00

Low: ₹536.35

Close: ₹536.80

As Wipro closed with a slight bearish tilt, traders should monitor key levels closely. A break above ₹542.00 could indicate renewed bullish momentum, while a fall below ₹536.35 might suggest further downside risk. Keeping an eye on broader market trends and upcoming corporate news or economic data releases will also be crucial for anticipating future movements in Wipro's stock price.

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Stock Market Analysis of 31.08.2024