NeeteshJain
Short

Coal India - Short Trend Setup

BSE:COALINDIA   COAL INDIA LTD
296 6 4
It is been observed that the price action is been forming Lower Lows and Lower Highs on daily chart indicating a weak trend move towards downside. It shows strong weakness and it shall be confirmed once the price action closes below 320 levels on daily chart .

Target: 312
Stoploss: 332

Trade active
Trade active: Big Fall today, closing to targets, Cheers
Trade closed: target reached: Target reached successfully, Regards (Big Fall did happen)
Thanks Neetesh. Just out of curiosity...This trade will be initiated post today's closing 323. Or any 30 min or hourly chart below this level will be consider to enter sell.
+1 Reply
NeeteshJain dev_trader
Take initiative once it breaks and closes below 320 levels on daily chart. Regards
Reply
dev_trader NeeteshJain
Sounds like a plan. Thank you :)
+1 Reply
NeeteshJain dev_trader
Yes, it does. If sellers want to win the battle then they need to cross over buyers brick wall layered around 320 levels. Hope this sounds like a plan too :)
Reply
dev_trader NeeteshJain
Just wow :) Plan worked.
+1 Reply
NeeteshJain dev_trader
Yes It did work out well. Regards
Reply
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