Tata Steel, Vedanta look strong on charts, may resist China slowdown woes

Technically, probability of metal stocks entering a negative trend remains negligible. A resilient bullish trend seems clearly visible in Tata Steel and Vedanta.

China - the world's second largest economy is seen impacted with strict Covid-19 related restrictions coupled with a firmer US dollar. The Asian neighbour's unexpectedly slowed in July, with growth in industrial output, fixed-asset investment, total social financing and new yuan loans slowing 

Meanwhile,  China's central bank on Monday unexpectedly cut interest rates for the second time in 2022 in an attempt to revive credit demand to support growth.

China is the largest steel producer and is a key manufacturer for the world. A slowdown in the Chinese economy would have adverse impact on global economies too, mainly the