Vedanta shares fall 18% in three trading sessions; check its latest price targets
Shares of Anil Agarwal-owned mining conglomerate Vedanta Ltd. are down for the third straight session, taking their three-day fall past 18%.
The stock is down another 7% on Monday, April 7, having declined nearly 9% last Friday and 4% last Thursday.
The stock has declined in five out of the last six trading sessions.
With this fall, the stock has now corrected nearly 30% from its 52-week high of ₹526. The stock is still 15% above its 52-week low of ₹317.
On the charts, the stock has slipped below all of its key moving averages, being the 50, 100 and 200-Day Moving Average, after this recent fall.
The stock has also entered oversold territory with its Relative Strength Index (RSI) falling to levels of 26. An RSI reading below 30…
