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
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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
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11:50 Hrs 6th July2017
Last Price@251
From lows of 246-247 it is getting support
Trade active
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14:38 Hrs 10th July2017
Last Price@258
Coal Beauty
Comments
hotpot64
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Hi
Can this be entered now or fresh downward movement has started as it has broken 240 all time low
Please share your views
Thanks
ndtv501
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where will be the stop for trade abv 257
hotpot64
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Hi
Can long positions be initiated now ?
Thanks
WaveTalks
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@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
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@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.
Can this be entered now or fresh downward movement has started as it has broken 240 all time low
Please share your views
Thanks