COAL INDIA LTDGüncellendi Coal India-Rising Channel - Target-170
[Time Frame - Daily]
Coal India has been trading in an ascending channel since Oct'2020. It has recently tested the lower trendline on 23.08.2021 and has given a confirmation for an up move on 30.08.2021 (with good amount of volumes). It also gave a breakout above the 100 DMA & 200 DMA on the very same day. The stock appears to be in a good position to test levels of 175-180. Once it takes out 150 and sustains above it, swing trade can be initiated.
Coal India has been trading in an ascending channel since Oct'2020. It has recently tested the lower trendline on 23.08.2021 and has given a confirmation for an up move on 30.08.2021 (with good amount of volumes). It also gave a breakout above the 100 DMA & 200 DMA on the very same day. The stock appears to be in a good position to test levels of 175-180. Once it takes out 150 and sustains above it, swing trade can be initiated.
Not
The stock has given a return of 10.71% from the date this idea was posted (Market Price on 5th Sept was 146.42). Those having a long position in the stock should revise the SL to below 153 on a closing basis for a target of 170.İşlem kapandı: hedefe ulaştı
The stock has achieved the given target of 170 today. Do consider hitting the like & following my page if you find my idea useful.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.