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NaveenTTR
Apr 1, 2024 5:39 PM

Trading Gem:(COAL INDIA) Set to Soar 5-7% in a Month or Two* Long

COAL INDIA LTDNSE

Description

Coal India is ready to offer returns ranging from 5-7% within a timeframe of one to two months*. Please note that terms and conditions apply.

Condition:
- If tomorrow COAL INDIA exceeds today's high of 443.8, on April 2nd, 2024, it is anticipated to progress towards the targets of 461.35 and 480.20.
- The designated STOPLOSS level is set at 436.

Reasons to Consider Taking a Trade:
- A crucial Supply/Support zone has been pinpointed within the range of 410-420.
- The trendline is anticipated to be breached tomorrow.
- Today, the price has surged above the 50 Moving Average, which is now acting as a support level.

Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.

Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.

Trade closed: target reached

Target 1: 461 Achieved

Trade closed: target reached

Coal India Target Achieved on 6th May
Total % Earned: 8.7%
Total Trading Days: 34
Comments
NaveenTTR
Entered at Re-Test Area which is 440 and Today's High is 448.3
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