NeeteshJain

COAL INDIA - BULLISH DIVERGENCE

Long
NeeteshJain Updated   
BSE:COALINDIA   COAL INDIA LTD.
It is been observed on the daily chart that the price action is forming a bullish hidden RSI divergence where price action is forming lower lows where as RSI oscillator forming higher lows, indicating a trend change and bullish move ahead.

Target 1: 295

Target 2: 300

Stoploss: 280
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Comment:
Stoploss Changed to 275-272 to the strong support zone.


Regards
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Comment:
Coal India getting good buying at support zone as expected, good time to initiate.


Regards.
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