akshay.lakhina

Coalindia for Investment

Long
NSE:COALINDIA   COAL INDIA LTD
Coalindia is oversold on monthly levels

Weekly RSI is showing some recovery

on Daily chart its making a triangle formation

Buy above close of 135

T1 = 145

T2 = 165

T3 = 195 and more as per Fib levels

SL = 118
Trade active: 141.5 HIGH, near to our first target
kindly trail
Trade active: looks like a bullish reversal on daily chart and Nifty also reversed from SMA200
Bought again with revised SL 109
also good dividend stock to hold in portfolio
Trade active: Positive divergence observed, SL 109 saved so far
Trade closed manually: CoalIndia is near to our entry now, safe trader may choose to exit at cost.
Its a good dividend candidate and if breaks the triangle then can move towards 150 and more

Comments

nice analysis bro
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akshay.lakhina nitikbadjatya
@nitikbadjatya, really hope the analysis works and earns us some money :)
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