Coalindia bullishCoal India is trading in a channel and now showing upward movement though 130 is another critical level to watch. It's had closed above this level and in coming week if world market and nifty opens positive this could reach 145 - 150 level which are other resistance levels to watch and in my view this will break this time with stronger volumes.
Levels are given on chart.
Disclaimer: The above views are personal and its advise to take trade based on consulting your financial advisor or self risk.
COALINDIA trade ideas
Let the Games Begin...as i thought this baby is ready to go party resting beautifully on the 50 and 99 day on the daily and 4 hr .(GOOD FOR INTRA DAY )
Going to meet our friend the 200 day and knock him down fiercely so expect Wednesday to be a bog move by this one .
165 first target and 183 next the other targets on previous HTF chart .
Hang around for the fun once the downtrend line is broken on the HTF.
Only way is UP....Everyone is wondering whats going to happen with the auction of 41 blocks of coal by the government and how private players will operate this dying company ?
My bet is we go up for the next few weeks and 271 is where we may just range and consolidate for a bit.
Till then this is a buy the dip mode.
Short term chart to follow.. assuming its bullish and painting a flag of some sort..
Oh , yeah the downside is fairly limited so feel free to go big on size .
DO NOT GET ATTACHED TO IT .pay yourself .