Investment

Coalindia looks good to add to the portfolio for short to medium term. RSIStairs on weekly charts has turned bullish. On daily charts it has given buy signal as per MomentumInvest trade setup.

On monthly charts it made an MorningStar pattern on November. During DEC/Jan it has made a TweezerBottom pattern on monthly scale. In current month also stock took support near 125 levels and bounced.

On weekly charts it has given a VSABreakout (wide range downthrust bar) with ultra high volume on recent closing week. RSIStairs has gone above 55. Nearest neckline resistance is 148, once taken out stock can start moving towards 174/209.9/254.

On daily charts it has given a buy signal in the TrendMaster setup followed by two back to back VSA breakout candles. Stock looks set to trade higher.

Good to invest here half the capacity and add more near 125 if stock corrects for any reason. Coal can turnout to diamond in coming years.

Comment:

Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

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