COALINDIA trade ideas
Trendline retest in CoalindiaA long downtrend trendline is seen in weekly chart . Onces the trendline is broken stcok shows a good upward movement with 2 trendline. 1st one is aggressive but can't sustain so 2nd smooth trendline is necessary.
Initiat long position around 135.
Target : 145/150/160
Stoploss : with appropriate position size take 2% of your capital in Delivery and Future.
Above Ideas is only for Educational purposes , please consult your financial advisor before taking long position.
Coal India - Positional View-- It's moving between a channel in a Daily time frame
-- If it crosses the Resistance line (Break Out) then the next Target is 180
-- If it goes below the Support line 149 then better to get out of the trade
-- Last day volume for bears are also very high, so be very cautious for Monday
Disclaimer :
I am not so bullish for positional or long-time view .. As it's still below 200 Exponential Moving Average.. You can go for a swing Trade ..