Coal India showing a break down on the daily and weekly charts.
Coal India has been trading in a parallel channel from Feb 2024 and the range has been broken and closing below it has been given on the daily and weekly basis.
The stock is trading around a support zone of 480-485. It is trading around the 100 ema levels on the daily charts and closed below 20 ema on weekly charts.
Entry in a bearish trade can be made once the market take a retest around the round number figure of 500 and forms a negative price action.
Clear pattern break down is there in the stock. Positional/swing trades can be initiated once there is a retest and break down of the support zone.
Entry :- Below 480
Targets :- 465
Stop Loss :- 490 (close on hourly charts)
Wait for the price action near the levels before entering the trade.
The stock is trading around a support zone of 480-485. It is trading around the 100 ema levels on the daily charts and closed below 20 ema on weekly charts.
Entry in a bearish trade can be made once the market take a retest around the round number figure of 500 and forms a negative price action.
Clear pattern break down is there in the stock. Positional/swing trades can be initiated once there is a retest and break down of the support zone.
Entry :- Below 480
Targets :- 465
Stop Loss :- 490 (close on hourly charts)
Wait for the price action near the levels before entering the trade.
İlgili yayınlar
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.