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OmkarBanne
Feb 6, 2021 4:51 PM

COALINDIA Long

COAL INDIA LTDNSE

Description

The stock has come up very strong after touching 125 level.
Now, 200ema is at 132 which will act as another support apart from swing low (125).
Low volume pullbacks are observed recently.
CMP: 141
Target: 160, 180
Comments
vivek120388
i think 150-152 is very strong resistance ,after decisively close above this level only long positions should be made for the target of 180 ...thanks for ur view
OmkarBanne
@vivek120388, Yes, but I reckon that the stock will breach this resistance level this time with little/no consolidation. Let's see.
tradetechnicalanalyst
it form strong chart pattern H&S , it may show 150 and next 166 soon buy on any dip if come.
OmkarBanne
@tradetechnicalanalyst, H & S is a bearish pattern.
But I don't see iH&S too.
tradetechnicalanalyst
@omkar_banne,
Check on monthly chart
OmkarBanne
@tradetechnicalanalyst, even in monthly chart, I don't see the left shoulder.
It is a Morning Star reversal in monthly timeframe.
casagar1987
Is this tgt for short term or this monthly expiry???
OmkarBanne
@casagar1987, this is a positional view and it will last from few weeks to few months.
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