akshay.lakhina

Coalindia for Investment

Long
akshay.lakhina Pro Updated   
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.