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TukkaNomist
Apr 8, 2021 11:36 PM

Buy Long

COAL INDIA LTDNSE

Description

Range is contracting near the previous bottom. Price entered within the range twice but couldn't sustain and the bounced with minor volume. Volume has fallen gradually in last 8-12 sessions. RSI has bounced from the oversold position. Buy with SL below 123.80 for target of 172-180
I am overall bearish on this counter but this short-term bounce can't be rusled out.
Disc : it's not an investment advice to buy or sell

Trade closed: stop reached

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