COAL INDIA LTDLong
Coal India - Bullish trade
Stock was making continuous lower lows and
lows highs since 2015.
This is the first time when we can see higher
highs and high lows which clearly indicates
trend reversal and volume increase is also supportive.
Medium to long term trade -
Buy at CMP, add more on dips around
180 -190,
For targets of 213, 235, 290 and 330.
Keep in mind coal India has great dividend
yield too.
Trend is intact unless a closing below 145
comes on weekly basis.
Traders can also keep a SL of closing below
160 on weekly basis.
lows highs since 2015.
This is the first time when we can see higher
highs and high lows which clearly indicates
trend reversal and volume increase is also supportive.
Medium to long term trade -
Buy at CMP, add more on dips around
180 -190,
For targets of 213, 235, 290 and 330.
Keep in mind coal India has great dividend
yield too.
Trend is intact unless a closing below 145
comes on weekly basis.
Traders can also keep a SL of closing below
160 on weekly basis.
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.
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.