nano6yogesh

Coal India – Double Bottom

Long
NSE:COALINDIA   COAL INDIA LTD
Coal India NSE:COALINDIA has reversed sharply from strong support zone between 260 – 265 levels.

To me it looks like a double bottom formation with positive divergence.

Good opportunity to go long with stop loss a few points below the double bottom lows and first target near 290 levels.

Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.

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