Swing Trade for COALINDIA
Updated
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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