COAL INDIA - 1D TIMEFRAME

Oct 18

COALINDIA has formed a triangle pattern in 1D timeframe but when we see in 1M timeframe it clearly shows uptrend. Hence in a lower timeframe it is good to go for a long position as it is always better to go with the trend. Now the chart could break the triangle and take a retest and move up or come down to the support zone and then go up. Only in these two conditions we'll be trading.

Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades COALINDIA