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Rajat_the_HERO

COALINDIA LONG-TERM VIEW

Long
COAL INDIA LTD (NSE:COALINDIA)  
Rajat_the_HERO Updated   
NSE:COALINDIA   COAL INDIA LTD
Trend Analysis Support and Resistance Multiple Time Frame Analysis long-term swingtrading swing swingtrade COALINDIA coalindianalysis multitimeframeanalysis investment weeklyforecast
2
0
trendanalysis supportandresistance mtfa long-term swingtrading swing swingtrade coalindia coalindianalysis multitimeframeanalysis investment weeklyforecast
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 trade idea for COALINDIA.

Happy Investing :)
Comment:
Sorry for the mistake, in the chart, in place of Support 1, Support 2; it will act as Resistance 1 and Resistance 2
Trade active:
Weekly Close is above the trend - line

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