COALINDIA LONG-TERM VIEW
Updated
Today COAL INDIA closed over 200-day EMA backed by a high volume trading.
Also breaks the downward weekly trend-line followed from August 2015 on a daily basis. If it stays above the trend-line for this week, we can go long for couple of weeks.
Next Support levels to watch:
Check out the link to my previous Swing trade idea for COALINDIA.
Happy Investing :)
Also breaks the downward weekly trend-line followed from August 2015 on a daily basis. If it stays above the trend-line for this week, we can go long for couple of weeks.
Next Support levels to watch:
- Support 1 = 162.20
- Support 2 = 172.80
Check out the link to my previous Swing trade idea for COALINDIA.
Happy Investing :)
Note
Sorry for the mistake, in the chart, in place of Support 1, Support 2; it will act as Resistance 1 and Resistance 2Trade active
Weekly Close is above the trend - line
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