PrasantaP

COAL INDIA chart analysis

Long
NSE:COALINDIA   COAL INDIA LTD
Observation -
* The stock now consolidating in a range. Historically when this stock is consolidated the price always move upwards (showed by arrow mark in chart) then breakdown but this time the price consolidate in down wards (showed in arrow mark) .Thats why i think this time price move 25% to 30% upmove .
* Volumes are rising indicating increased participation by the bulls .

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