14 Years Resistance Breakout with Highest Volume
There was a large movement in "Coal India" followed by a consolidation period with converging trend lines. The pennant breakout movement in the same direction as the initial large movement. The period of consolidation have lower volume and the breakout occurred on higher volume. Relative strength index (RSI) levels was moderate during the consolidation phase and resistance levels breakout observed in charts.
Target Rs 680
Stop Loss below Rs 400
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Target Rs 680
Stop Loss below Rs 400
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
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.