dhn.financial

Guppy Multiple Moving Average (GMMA) : Coal India

Long
BSE:COALINDIA   COAL INDIA LTD
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Coal India Ltd. (325. 40 ) :
Coal India is closed at 325. 40 levels on Diwali Mahurat Trading Day. Its 52 weeks high/low at 349.95/271.65 were made on 17th August 2017 and 12th April 2016.

From 7-8 trading sessions, the stock has shown us good price action. The stock is also trading above all moving averages of Guppy Multiple Moving Average (GMMA) theory.

One can initiate long position between 323-328 levels with stop loss of 315 (closing basis) for target of new 52 week high above 350 levels.

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