Coal India - Black Butterfly - Beauty to be adored above 257

741 19 16
Black Butterfly- beauty has to be adored. Have you seen a black butterfly . On weekly basis -if it starts moving above 257 - we shall look for 275- 300 as targets in coming months to come next.

Previous Update - Stuck in a mess of 340-350 - Dropped to 240's
Trade active: 06:58 Hrs 4th July 2017

Last Price@249

We will wait for a pullback to see a probable entry place in coal india. So, we wait next.
Trade active: 11:50 Hrs 6th July2017

Last Price@251

From lows of 246-247 it is getting support

Trade active: 14:38 Hrs 10th July2017

Last Price@258

Coal Beauty
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Can this be entered now or fresh downward movement has started as it has broken 240 all time low
Please share your views
where will be the stop for trade abv 257
Can long positions be initiated now ?

@hotpot64, It depends on your risk appetite now. Stop loss is 240 & below - I suggested for a pullback & we got in the range of 245-247. Vehicle has already started & where were you when it was updated for a pullback.
hotpot64 AbhishekHSinghCMT
@AbhishekHSinghCMT, I can carry only 2 - 3 positions at any given time, thats why not able to take it. Now I have cleared TCS, bank nifty and switched to Tata motors and now there is place for one more. I know coal india is bit a slow mover, so I will hold it's positions with SL of 245 as I am entering at 250 +, just please update me about the targets.

why u have choosed 257 level?
sir ji
@sandy, It is high of red big candle to downside.
Siddharth_Kr_Jain AbhishekHSinghCMT
@AbhishekHSinghCMT, Can we look forward for a target of 257 in July series. Its sustaining above 246-248 levels
AbhishekHSinghCMT Siddharth_Kr_Jain
@Siddharth_Kr_Jain, Yes, It is looking positive if it moves above 255-257 it can even go higher in one attempt.
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