COAL INDIA LTDLong
Coal India - Looks good at bottom out
As per harmonic pattern, it's making a bullish butterfly pattern and good to buy.
CD leg projection is going to 1.618 or 2.618. So we can see these two ratio as our target.
XD ratio is ~0.827, so as per technical analysis, it should go to 1.618 or 2.618.
Company's fundamentals are good, so next 3-4 months will give our target.
CD leg projection is going to 1.618 or 2.618. So we can see these two ratio as our target.
XD ratio is ~0.827, so as per technical analysis, it should go to 1.618 or 2.618.
Company's fundamentals are good, so next 3-4 months will give our target.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.