PrachiMetha

Can $NSE:COALINDIA Will Bounce From 305 ?

Short
PrachiMetha Updated   
NSE:COALINDIA   COAL INDIA LTD
Dear Followers,

I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock COALINDIA I have been monitoring.

Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy.
If Stock Break 299-298 level then possibly we can see 291-289 level so if you are ready to take Risk then I have Strategies For Month Of October Series that we can Deploy.

1) Buying an Option
Strike Rate= 300 PE
Buy Price= 5
Stop Loss= 3.50
Target = 9
Time Frame 7-8 Days
Investment = 21000
maximum Loss= 5050
Profit Upto = 16800

This Information is only for Educational Purpose.


Best Regards,
Ajay Metha
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.