14 Years Resistance Breakout with Highest Volume

3 May

There was a large movement in "Coal India" followed by a consolidation period with converging trend lines. The pennant breakout movement in the same direction as the initial large movement. The period of consolidation have lower volume and the breakout occurred on higher volume. Relative strength index (RSI) levels was moderate during the consolidation phase and resistance levels breakout observed in charts.

Target Rs 680
Stop Loss below Rs 400

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