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