COALINDIA Ready For A Small Correction Short

COAL INDIA LTDNSE

Description

⋅ May 21, 2021 12:44 PM

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

hemantrastogi17

⋅ May 22, 2021 5:21 AM

I couldn't understand. Could you please explain in simple terms

anketghosh

⋅ May 22, 2021 2:51 AM

I think in weekly pattern it is forming inverted Head and Shoulder pattern... It is ready for breakout on upper side

Omahto

⋅ May 22, 2021 3:36 AM

@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.

rdhirendrarao123

⋅ May 22, 2021 1:34 PM

@anketghosh, Buy on Dip