Short

Shorting opportunity in Coal india

By Heemanshusaini

Updated

M pattern break down + previous swing support breakdown.
also, stock is trading below its 9 and 21 EMA.
Targets on chart

Note

Showing positive divergence in RSI intraday. stay cautious and maintain strict stoploss

Trade active

successful breakdown after retest of neckline

Trade active

1/2 target achieved

Trade closed manually

All targets achieved.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.