given bullish breakout
inverted head n shoulder pattern
key levels are 161, 166.35, 174.60, 190, 201.15.
i am not sebi registered analyst
my studies are for educational purpose only
consult your financial advisor before trading or investing
COAL INDIA LTD. Daily Chart.
Has given Breakout of Both Cup-N-Handle Pattern & Head n Shoulder Pattern at Same Time,
LOOKS Good to BUY at CMP or in Dips if you get Chance, with StopLoss of 134 Closing Basis.
For Targets of 152.80, 165, & then 180.
CUP N HANDLE BREAKOUT
HEAD & SHOULDER...
whoever holding from lower levels just hold it tight if find breakout. fresh breakout above resistance only. and if find reversal as resistance one can short as well.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking...
COALINDIA has been running up for the past couple of trading sessions and has inched very close to the resistance trendline. Breakout on upside possible if the price sustains over 137.
If the price does not sustain, we will see profit booking and reversal.
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...
As expected in previous idea ( "Positional Buy Coal India" ), Stock is moving to hit first target. If it breaks 150 level and sustain above 150 other targets will easily hit.
* After develop triangle pattern, Stock is moving up.
140.70 (Given in previous idea)