NeeteshJain
Long

COAL INDIA - BULLISH DIVERGENCE

BSE:COALINDIA   COAL INDIA LTD
2124 views
45
2124 31
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
Apr 10
Trade active
Apr 12
Trade active
Apr 18
Comment: Stoploss Changed to 275-272 to the strong support zone.


Regards
Apr 19
Trade active
May 03
Comment: Coal India getting good buying at support zone as expected, good time to initiate.


Regards.
Sirji,

Whats your current take on Coal India?
Reply
@pracas, 240 a strong support to buy.
Reply
Nothing is happening n CoalIndia, its on sideways mvement, neither SL neither UP.
+1 Reply
@kawalgeek, Yes, I'm also holding it patiently. It shall do something big as Bharti in coming days. Lets sit tight. Regards
Reply
Reached near 3 months (276.1) low. Expecting a bounce back from 275-276 level.
+1 Reply
touching 275 will initiate many long positions
+1 Reply
Superb !! you are great bro.
+1 Reply
Currently at very attractive level. Risk-Reward in absolute favor
+1 Reply
@76764554, Yes, it may correct little further to 275 levels and then it becomes more favorable in terms of risk reward. Regards
Reply
sovan_nit NeeteshJain
@NeeteshJain, but it is in downtrend as of now, shouldn't we wait for trend reversal and then get into it? otherwise it might like like jumping the gun.
Reply
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