Omahto

COALINDIA Ready For A Small Correction

Short
NSE:COALINDIA   COAL INDIA LTD
COALINDIA
Short Below 144
SL 149.5
Target 138.75 135

COALINDIA has shot up 30% recently . Now the stock is ready for a small correction. So, Coalindia can be shorted from the above levels. Otherwise We will long above 165 for the target of 190.

Comments

I couldn't understand. Could you please explain in simple terms
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I think in weekly pattern it is forming inverted Head and Shoulder pattern... It is ready for breakout on upper side
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Omahto anketghosh
@anketghosh, Ya, Correct. That is why i said small correction. And also said we will long above 165 for the target of 190. in between no trade.
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@anketghosh, Buy on Dip
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