Positional Trading. Bullish!!
If you see the Coal India in weekly time frame, there is a trend reversal from FALLING WEDGE(marked in Black lines) to RISING WEDGE pattern (marked in Green lines).
Also I observe Bullish hammer pattern exactly at trend line on weekly time frame. The stock looks bullish and you can get it for short term gains.
Enter : around 142
STOP Loss: 132
Target 1:165, Target2: 180
Time frame: 1-4 months
Risk Reward:- 1:2
trade @ ur own risk. Its my own analysis and inputs are welcome
Also I observe Bullish hammer pattern exactly at trend line on weekly time frame. The stock looks bullish and you can get it for short term gains.
Enter : around 142
STOP Loss: 132
Target 1:165, Target2: 180
Time frame: 1-4 months
Risk Reward:- 1:2
trade @ ur own risk. Its my own analysis and inputs are welcome
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.