Coalindia 9 years breakout & retest

Jul 12

Simple cup & handle pattern in coal india. It is sustaining the breakout. Target can be huge. Keep accumulating for steady move. It has 9 years breakout and retested. so the move will be powerful.

Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.

DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.

Jul 26

Trade active

Going good as per the study. Just started. Full active now.

Jul 29

Note

Heading towards the short term target of 540

Aug 11

Note

Short term price action.

Aug 13

Note

Good target.

Aug 23

Note

Above 542 good price action expected till 585-590. Be ready.

Sep 2

Note

Always bullish above 520. Should just hold that level.

Sep 15

Note

Coal india 480-490 accumulation zone only. Can go good from here. Trendline breakdown there but i feel this is still bullish only.

yesterday

Note

400 is final support. Take a chance at this price.