Coal India was near 60 Point in RSI and Starting to form kind of an uptrend. If crosses the price level of 130 Rs a higher high will be formed.
I am Planning to buy at 130 and trail at every swing low. Will take whatever market gives. My hope is it should reach price level of 150 Rs.
Currently Entry Price is 130
SL :: 120 Rs which is swing...
COALINDIA has formed a Morning star pattern near its all-time low price levels. The volume is also expanded for the day, which is implying a bullish move from current levels. However, it might test the low of the previous major swing which is at around 120 levels. If it breaks that level, a good up move is implied. Else, it will be continuing its downward journey....
Coal India has seen very strong support around these levels.
For the one time that the support was broken, the stock good weakness.
This could be a perfect price to take a trade. If it reverses from the support, go long with a stop loss just before the trend-line.
Please like and follow.
I will buy COALINDIA because :
I has broken its small resistance and s at its support zone ,
It has also broken its trendline.
Its consolidating reversal can be seen
Entry : 119
Target : 136/143/150
Stop loss : 368
I hope you can now see how Coalindia represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be...
i feel coal india is one of good stock by chart as well as value.
so i prefer you to study coal india and make position in coal india for next 2-3 month
personal uptrend price is 180RS in next some time.