jashjacob

COALINDIA EDGING TO BREAKOUT FROM RESISTANCE.

Long
jashjacob Pro+ Updated   
NSE:COALINDIA   COAL INDIA LTD
COALINDIA has been running up for the past couple of trading sessions and has inched very close to the resistance trendline. Breakout on upside possible if the price sustains over 137.

If the price does not sustain, we will see profit booking and reversal.

Comment: Dec 8th : Price has just barely breached the trendline. A small reversal is seen as of end of day.
Trade active: What a beautiful breakout. COALINDIA is on it's way!
Trade active: COAL INDIA still hovering around the trendline. Quite indecisive.
Trade active: COALINDIA touched 149!
Comment: COALINDIA made high of 160++ on Feb 2021 last week.

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.