Bullish Belt Hold Formation Interrupted By Session Close?I think we were seeing a bullish engulfing candle forming in the last hour of the session based on afterhours activity. I believe we will see a gap up open and run up to test resistance at 0.80 Where I think profit takers that missed the run up today and day traders might sell off and drive price down slightly tomorrow to retest support at 0.79 or 0.78. on Friday. If we do see confirmation of support at the 0.79/0.78 level holding into close on Friday get ready for a continuation up onto test 0.82 resistance a close above that and we are on our way to test 0.87
Belthold
Coal India- Bearish Trend (pull back possible)Coal India Buy @ 115 SL 109
Target 126,132
Coal India now at multi year low so trade with strict stop loss 109
Buy at 115, Book half at 126 & remaining at 132
still in bearish territory, but pull back to 50 or 61.8 % of last swing high possible
Potential reversal zone 132, to continue its bearish trend
Break of last swing high 145, good to enter for Long term Investment
very attractive valuation
For Aggressive trader, buy at 115 Stop loss 109
