Coal India - 3rd Touch
Updated
COALINDIA is heading towards 3rd touch of the trendline. A strong bullish bar with good volumes and also rejection wicks of recent bearish bars; accompanied by 50 DMA signal a probable upmove after consolidation of the prior strong upmove.
CMP- 313.55
Exit below 310.
Target 320-325 according to line.
Note
Touched 325 and the line but not in a good fashion. fell first and then rose. closed.
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