This stock is good for short selling in coming day. Look at the chart, we will update when it reach to 248.9 to 252. I will make deep analysis shortly and publish here.
This stock is good for short selling but need to wait. Just wait for the range as mentioned in chart 248.9 to 252. I will also update when it reach with deep analysis.
After a consistent decline stock has got fresh break out near 217 levels and looking strong. Valuations are cheaper for consistent dividend paying company. Looks good to buy with an closing stoploss of 215 and target of 245 in near to short term.
Three pushes down in Coal India setting up a Bullish wedge reversal ( 1, 2 and 3 ) , a micro wedge ( in Red marked 1, 2 and 3 ) with trend channel line overshoot ( Red 3 ) and a strong breakout of the trend line with 3 strong bull trend bars , all indicating a temporary reversal of trend for at least 2 moves up .
Since it is a counter trend trade risk 0.25% ( Ex....
Price divergence can be seen. Price is continuously closing above the falling channel.
Bears covering their shorts can easily take it 10-15 points up.
Two consecutive Doji on Heikin Ashi charts.
LEVELS MENTIONED IN THE CHART.
Disclaimer:
It is very important to do your own analysis before making any investment based on the chart mentioned here.
Trade wisely!
As we should buy any stock at our price will give good chance to earn more.
in CIL i observed classical positive divergence. so its we can incite with stop loss.
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NSE:COALINDIA
