AbhishekHSinghCMT

Coal India- Stuck in a mess 340-350

Long
NSE:COALINDIA   COAL INDIA LTD
225 views
5
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.
Trade closed manually: 17:17 Hrs 2nd July2017

Last Price@244

Did not follow the stock as few people were interested.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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Comments

Abhishek, would appreciate your view on Coal India now since nobody seems interested in it, which means it could be a good contrarian buy!!
Reply
very well said, Abhishek, Definitely take this thought in account.
Reply
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