Coal India – Accumulation Phase almost completed, Ready for a Bull Run.
Entry – CMP
Stop loss – 137.1
Target 1 – 288.5
Target 2 - 441
Duration - 4-5 years
Small resistance between 237.6 to 288.5
All numbers are *Weekly* based
Fundamentally, all numbers are too good, no issues at all and Co is cheaply valued too with 8% as Dividend Yield.
Technically,...
It is based upon the Fibonacci Retracement Strategy. This is a clear rebound after moving 61.8 %. Enter after 265 only, once it is confirmed that the resistance is broken.
