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Buy COALINDIA above 266
Short coal india
FORMING A DOUBLE BOTTOM TARGETS AND SL MENTIONED IN THE CHART
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The stock should follow in a parallel channel. Bounce from 254 (lower end of the channel) and run up for 280 (upper end of the channel).
coalIndia is looking good to buy above 269 sl 260 target 300 for short term view.i think profit booking happening on this stock there is a lot of pain in 269 if it breaks then another obstacle is 274 lets see. as per my view this stock will cross 300 in short term
good to buy at 260-270 which is strong support
stop loss below 255
target will be 295-300 range which is strong resistance
Buy COALINDIA between 286-283
positive break out can be traded for target of 300
Long if it break PDH at 283.9
TSL to cost, or to 281
Coal india brokeout of key resistance level and closed above the level .
Also on the daily t/f , it has formed an bullish engulfing pattern .
Levels are mentioned in the charts .
Long with right stop loss
BUY ABOVE 280 AS CHANNEL HAS BEEN BROKEN
WE ARE IN THE SELLER'S MARKET AND ITS MAKING CHANNEL FORMATION IT WILL GO TO 250. BUYERS TRIED TO BREAK 280 LVL SUPPORT & RESISTANCE SO MANY TIME AND THEY FAIL SO ACCORDING TO ME IT WILL GO DOWN
Bullish bat pattern emerging. If its true then Coal india may move towards 310 as discussed in previous publish.
Disclaimer : Personal view. Traders do on their own risk
COAL INDIA IS AT A MAJOR MAKE OR BREAK ZONE SO ILL BE CONSIDERING THE BUY SIDE , IF IT FAILS TO CLOSE BELOW THE RESISTANCE BAND.
ABOVE 280.25 WILL BE A GREAT BUY SIGNAL AND BELOW 277.50 WILL BE A SELL SIGNAL
Levels mentioned in the chart!