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NeeteshJain

Coal India Breaking Out Channel Pattern (Bearish)

Short
COAL INDIA LTD. (BSE:COALINDIA)  
NeeteshJain Updated   
BSE:COALINDIA   COAL INDIA LTD.
trending Descending Channel NIFTY COALINDIA diagonal
7
3
trending descendingchannel nifty coalindia diagonal
The price action breaks out from a trending channel , indicating weakness and bearishness. It shall now reach to Fibs levels targets at 321, 313. Stoploss 336
Trade closed: target reached:
TARGET 1 ACHIEVED.
Comment:
Now, pursue to target 2 at 314

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