ParamjitMahapatro
Long

coal ind should bounce

NSE:COALINDIA   COAL INDIA LTD
in weekly, hammer formed at horizontal support.

in daily, regular bullish divergence seen.
snapshot


sl - 235, tgt             - 280
Trade active: today big green candle formed and closed above upper BB. and BB is expanding, sign of bullishness,
snapshot
Trade active: cmp - 255, trend line resistance broken with good volume,
snapshot
Trade active: till now 259.80, and price is clinging to upper bb and bb is expanding, sign of bullishness,
snapshot
Trade active: going good, till now 270.85, Inv HnS formed and breakout happened with good volume, looks quite bullish now.
snapshot
Trade active: till now, 281.35, BB is expanding and candles are riding upper BB, sign of bullishness

snapshot
Trade closed: target reached: all tgts achieved here, cheers
Comment: after hitting the inv H&S tgt, price retraced back to the pattern neck line, then regular bullish divergence formed at the support zone, after some consolidation, it is again showing strength,

snapshot
Comment: follow up analysis, price bounced sharply, after hitting the support zone,
snapshot
Comment: in weekly, price showing strength, next tgt - 330,

snapshot
good explanation and excellent follow up...
+1 Reply
@Raj10, Thanks and keep following for more analysis like this :)
Reply
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out