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)
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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
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
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
Yes It did work out well. Regards
Reply
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