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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.

    Stay tuned for more daily insights and analysis on your favorite stocks to stay ahead in the market!

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    Disclaimer: The content provided in this blog, article, or charts is strictly for educational purposes only and should not be considered as financial or investment advice. Trading involves significant risk, and you are advised to engage in trading activities at your own discretion and responsibility. We do not provide any buy/sell recommendations, and the information shared here is not intended to influence trading decisions. We are not SEBI-registered advisors and encourage you to seek advice from a qualified financial professional before making any investment. For more learning and resources, visit www.tradingdirection.in.