Supper Bearish CoalIndia

Hello friends,

it was good move came in coal india in last few days. but now days global market is looks so weak. Based on this data here coal india has super Bearish Diversion built up. if it goes correct it will give supper fall to 15-20 points. within 2 - 3 days it will give clear cut fall.

1. its on high / top of trend range
2. prices shows up but SRSI show complete down so both are not matching. it need price base correction.
3. after continue bullish it need correction to move up.

based on these points this stock is waiting for some trigger to fall. you can keep this in your watch list and tracking it.

Its not recommendation but just my point of view. So your own analysis and trade own your own risk.

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Thank you.


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