#coalIndia -accumulation ?
Some people like to accumulate this specific stock after every dip, this time they can be rewarded for accumulating and having patience.
Now you call this HNS pattern, rounding bottom or cup and handle pattern, my analysis are never based on perfect textbook patterns.
Looking at the chart, if the scrip holds above 135, there is high probability that it will move towards the neckline and form the reversal pattern. After break of the neckline can push further up towards 180 and 214 levels.
Remember, only sustaining above 135 look for buy.
Also did you see my previous coal India idea? Link below.
Do give a like and comment if you love my ideas and my work........mitronnnn! :)
Now you call this HNS pattern, rounding bottom or cup and handle pattern, my analysis are never based on perfect textbook patterns.
Looking at the chart, if the scrip holds above 135, there is high probability that it will move towards the neckline and form the reversal pattern. After break of the neckline can push further up towards 180 and 214 levels.
Remember, only sustaining above 135 look for buy.
Also did you see my previous coal India idea? Link below.
Do give a like and comment if you love my ideas and my work........mitronnnn! :)
Related publications
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.