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nsdtrading
Oct 19, 2022 5:04 PM

Weekly cup pattern breakout Long

COAL INDIA LTDNSE

Description

Study:
1. Weekly trend line breakout
2. Weekly cup pattern breakout
3. Retest from breakout zone
4. Raise in volume

Targets - previous highs
SL: previous swing low
Comments
RajeshGambani
but open interest on 140ce is more than 1crore, its just stuck to 240, seems to be a mountain to cross over, will need crores of volumes to break the barrier and go past 250, only fact that its a psu and shorters paradise, were it a bank with this chart it would have been 290 like canara bank today.
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