Coal India - Turning Around
Updated
It has been observed on a weekly chart that the price action is forming a bullish "Inverse Head n Shoulder Pattern" indicating buyers coming back in the stock and shall turnaround stock to upside in coming weeks.
It is providing a good investment opportunity with holding time of 6m-1year.
T1- 250 SL 130
It is providing a good investment opportunity with holding time of 6m-1year.
T1- 250 SL 130
Note
Traders who are asking about SL on daily chart, you may consider 140-142 range as a support on daily chart. Close below 140 levels may take the price action further down to 136 levels.
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