dravya

Coal India - 3rd Touch

Long
NSE:COALINDIA   COAL INDIA LTD
NSE: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.
Comment: Touched 325 and the line but not in a good fashion. fell first and then rose. closed.