Coal India - Positional View-- It's moving between a channel in a Daily time frame
-- If it crosses the Resistance line (Break Out) then the next Target is 180
-- If it goes below the Support line 149 then better to get out of the trade
-- Last day volume for bears are also very high, so be very cautious for Monday
Disclaimer :
I am not so bullish for positional or long-time view .. As it's still below 200 Exponential Moving Average.. You can go for a swing Trade ..
COALINDIA trade ideas
CoalIndia (LONG) NSE:COALINDIA
Technical analysis: Coal India Limited
I have also provided some support and resistance area in above chart.
Buy134.5 to 137
Target 1 - 150
Target 2 - 160
Stop Loss - 130
Friend please analyses before taking any action do not depend on my analyses its just for education purpose only and follow the proper risk management and also share your ideas in comment section. If you like my Ideas please hit the 👍 LIKE button and share some of your ideas in comment section.
Comment: Coal India Limited. Still in Trend-line so please keep eye on that.