The stock has broken a key long-term resistance at 149 levels supported by good volumes and has pulled back to retest the previous resistance which now acts of price support. The stock is now poised for an up move to 175 levels.
Lookup the chart for trading levels.
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@significantRid79826, It's a positional trade. Could take approx 45 days since target is 15%.
Future_Trading
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nice sharing idea👍👍
dharmesh79576
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@Future_Trading, Thankyou! Do follow for more trading ideas.
sj199402
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I have bought 1000 shares of coalindia on 12 March at 151.40. And It has closed on 150.50,also it will have its opening on 145.50 on 15th March,then, how will it behave means what will be its new support resistance. I am a bit confused now that ki how the share price behave technically post the factor-in of the dividend on ex-dividend date. As its supply and demand zone is 149-151,but as it will be opening on 145.50,then, how will it be behaving
dharmesh79576
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@sj199402, It's not necessary that a stock's price should go down ex-dividend although it happens most of the time. Maybe the stock could open lower and gain in trade that day and close above 150 levels. Quite a few stocks have done that. You could check out the INDUSTOWERS or POWERGRID after it went ex-div.
sj199402
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@dharmesh79576, Thank you so much for your precious insight