COAL INDIA -- BULLISH BREAKOUT

COAL INDIA --- BULLISH BREAKOUT.-- COAL IN DEMAND .!!

1. Weekly multiyear chart seen multiyear breakout

2. Daily chart seen resistance breakout as well as 52 week high breakout

3. RSI ABOVE 60 in daily chart Currently at 62 level which is strong bullish indicator at 52 week hig level

4. MACD bullish above center and signal line

5 . Above SMA 20.50.100.200

6. Histogram seen Bullish.


BUY COAL INDIA @ 202

target 250-275 ( positional- 2 month )

stop loss 165


** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. @@ trdae at own risk .!!

HAPPY TRADING !!

Comment:

INTRADAY PIC --MONDAY - 25/04/2022

BUY COAL INDIA @ 202
TARGET 208 -210
STOP LOSS 199

HAPPY TRADING. !!

Comment:

intraday support 201.50 - 200
resistance 205 - 208

Comment:

8.30 am - Monday - 25/04/2022
Since there is more then 200 points gap down open look like today morning ,
for positional long one can buy at every deep from here .
for intraday today Entry only if 5, 15 minutes candle close above 202 level .

Comment:

intraday buy -- not initiated till now 9.55 am

195-197 good support !

Comment:

stock has retest breakout level 190 where arrow indicates on chart , this level will most possible bounce back level in next session . !2.00 pm - 25/04/2022