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jayaprakash99
Oct 19, 2020 11:26 AM

Can COALINDIA Glow from current Levels? Long

COAL INDIA LTDNSE

Description

COALINDIA has formed a Morning star pattern near its all-time low price levels. The volume is also expanded for the day, which is implying a bullish move from current levels. However, it might test the low of the previous major swing which is at around 120 levels. If it breaks that level, a good up move is implied. Else, it will be continuing its downward journey.

Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.

Happy Trading.
Comments
UnknownUnicorn10804909
Exellent prediction.. can we enter now ?
jayaprakash99
@LetsLearnEarnToGether, Well that depends on you but, as per the charts seems it is resisting the previous major swing low as of now.
sreejithsd
I agree with your comments.. let hope for the bullish move in coming days.
sandeep2909
Agree RSI is showing a positive divergence. Can be a LT bottom - I guess
jayaprakash99
@sandeep2909 Might be, we will know about that in next few trading sessions 🙂
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