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Trade Checklist :
1. Possible head & shoulder pattern
2. Possible retest zone
3. Respecting key zone
4. Entry only after the last resistance zone is broken
Feel free to ask any questions if you have & happy 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...
COAL INDIA GOOD TO BUY AT THIS LEVEL...
COMPANY ALMOST DEBT FREE..
COMPANY HAS GOOD RETURN ON EQUITY (ROE) TRACK RECORD : 3 YEAR ROE 54.95%..
COMPANY HAS BEEN MAINTAINING A HEALTHY DIVIDEND PAYOUT OF 78.66%..
COAL INDIA DEC 145 CE
TGT 3.50/4/6 ++
FOR MORE EDUCTIONAL..
GROW MORE GROUP..
COAL INDIA VIEW CONTINUATION
GOING THRU SIMPLE TREND LINE CONCEPT>>>
A BREAKOUT @ 133 IS SEEN
OPENING TARGET RANGE OF = 142, 150, 162
STOP BEING 120
NOTE- VOLUME HAS PLAYED GUD ROLE,
MOST OF THE TIMES CLOSING ABOVE ITS 50ma
DISCLAIMER - FOR STUDY PURPOSE ONLY
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.