Coalindia for Investment

akshay.lakhina Pro Updated   
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


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