Stuck in mess of 340-350 - Coal India could really be safe to pick only above 350 as there are multiple caps in the region 340-350.
Intraday -if someone interested could take positions when it triggers 340 mark where D-wave of the triangle started forming in W-X-Y pattern.
Kindly keep in mind -it could be an Intraday spike which calls bulls & trap as well if it fails to give us a daily close above 350. Likely we should have intraday trading opportunities going above 340 but kindly book & be safe rather than holding your positions.
Intraday -if someone interested could take positions when it triggers 340 mark where D-wave of the triangle started forming in W-X-Y pattern.
Kindly keep in mind -it could be an Intraday spike which calls bulls & trap as well if it fails to give us a daily close above 350. Likely we should have intraday trading opportunities going above 340 but kindly book & be safe rather than holding your positions.
Trade closed manually:
17:17 Hrs 2nd July2017
Last Price@244
Did not follow the stock as few people were interested.
Last Price@244
Did not follow the stock as few people were interested.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
sanjivt
Abhishek, would appreciate your view on Coal India now since nobody seems interested in it, which means it could be a good contrarian buy!!
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Tradersview49
very well said, Abhishek, Definitely take this thought in account.
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