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 ✔️

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Community Manager (India), TradingView

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