johntradingwick

Coal India - Positional view | Inverse Head & Shoulders

Long
NSE:COALINDIA   COAL INDIA LTD
Key Highlights:

1. Bullish market structure - HH, HL
2. Volume expansion
3. Long period of downtrend & accumulation
4. Trendline breakout & retest done
5. Forming Inverse Head & Shoulders
6. Successful retest of the neckline
7. Support zone: 140-146
8. Target: 162, 183, 213, 241, 271. Stop Loss: 135
9. Time frame: 9-12 months

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Comment: ◆ Target 1 Hit ✔️

Comments

really good Analysis,
Reply
johntradingwick pavankukdal
@pavankukdal, Thank you :)
Reply
Prim and proper!
Reply
@Gotledu, Thanks a lot :D
Reply
It's a nice break out. trend line with inverse head and shoulder. do you think it's a good price to open fresh positions? just asking.
Reply
@nexgsimba Yes, in my opinion, it's a good time to scale in position if you looking for a positional or a swing trade.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter