Long Entry for COALINDIA: at a support zone in the trend line, being followed from October 2020. In weekly chart, we also see a long lower tail candlestick at the trend line support zone on the week 20 Dec 2020.
Note: If you risk to trade this idea, you alone will be enjoying it's profit as well as the loss, if something goes wrong.
Happy Investing :)
- Buy between - 146-150
- Stop loss - 138
- Holding Period - 2-3 weeks or longer
Note: If you risk to trade this idea, you alone will be enjoying it's profit as well as the loss, if something goes wrong.
Happy Investing :)
Note
Target for about 200Trade active
Note
Can be bought for long term, more than 2-3 weeksTrade active
As per plan, Entry at 150 or below .Trade active
COAL INDIA closed over 200-day EMA backed by a high volume trading.Also breaks the downward weekly trend-line followed from August 2015 on a daily basis. If it stays above the trend-line for this week, we can go long for couple of weeks.
Next Support Level to Watch: 162.20
Note
Weekly Close Over the trend LineNote
Short Term Targets :Target 1: 162
Target 2: 172 [or hold till 28 Jan]
Target 3: 184 [If hold till 10 Feb(Expected Earning)]
Trade active
Target 1 Reached COALINDIA, going for next target
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.