DV-Research

Coal India Breakout

Long
NSE:COALINDIA   COAL INDIA LTD
Call India strength is getting stronger and has been with par with nifty index. It will possibly beat the nifty in near future. On a multi timeframe analysis it is above 50 WEMA and on a daily scale looks very positive. Sharp increase in volume . Fibonacci retracement level of 0.5 with a good volume and can meet the target off level 1 and level 1.25
Comment: Target Achieved