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: Support 1 = 162.20 Support 2 = 172.80 Check out the link to my previous Swing...
NSE:NMDC has broke the downward trendline followed from 12 May 2021. Next 2 resistance levels to watch: Resistance 1: 146.5 Resistance 2: 157.9 Trade Plan: Entry - Below 140 SL - 129 If weekly close above the trend line, we can go long for couple of weeks
The Stock is currently on the way of making a Rising Three Methods Pattern on Monthly Chart, if the Stock Price Closes above 144.2 this month. It is a Bullish Continuation pattern, can be hold for couple of months if formed. I am learning, any critics or comments are welcome. Happy Investing :)
If falls below 17280-17300 levels, it can reach 17200 on intraday, after breaking the consolidation. Important levels (On Intraday Basis) : i) 17280-17300 ii) 17160-17180 iii) 17110