COALINDIA -- Cup & Handle in Progress ??!!
Updated
1. Coal India looking prudent for long term investment and swing too.
2. CUP & HANDLE pattern (handle in formation) (below is the monthly chart view)
3. Wait for the voluminous Breakout.(Monthly candle closing above 255 can be the confirmation)
4. Target reaches to near 400 (as per cup depth)
5. Since this been an one sided move, we can expect one more swing and then BREAKOUT!!
Will update once it gives Breakout!!!
Let's wait and watch how it moves!!!!
NOTE- Just sharing my view....not a tip nor advice
2. CUP & HANDLE pattern (handle in formation) (below is the monthly chart view)
3. Wait for the voluminous Breakout.(Monthly candle closing above 255 can be the confirmation)
4. Target reaches to near 400 (as per cup depth)
5. Since this been an one sided move, we can expect one more swing and then BREAKOUT!!
Will update once it gives Breakout!!!
Let's wait and watch how it moves!!!!
NOTE- Just sharing my view....not a tip nor advice
Trade active
2 targets done!!!!
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