COAL INDIA LTDLong
Coal India back to its starting point
Updated
Coal India with such a ravishing rally this entire month of Sept, halts at the price where this started i.e., 291 as on 1st Nov'10.
From here a buying plan is to enter fresh trades on breakout and retest of 291 for target of 307 and 320 with small but significant resistances at 295, 299, 302, 315-316.
Short side opportunity on break of 291 and retest it as resistance for downside targets of 278 and 264.
Will keep updating the levels as it goes with the flow.
From here a buying plan is to enter fresh trades on breakout and retest of 291 for target of 307 and 320 with small but significant resistances at 295, 299, 302, 315-316.
Short side opportunity on break of 291 and retest it as resistance for downside targets of 278 and 264.
Will keep updating the levels as it goes with the flow.
Trade active
After a few days of consolidation, it is not about to reach the first target.Trade active
Correction in above line (It is about to reach)Now T1 is done.
Trade closed: target reached
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