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Aishwarya_Jain
May 17, 2021 11:02 AM

Coal India Cup & Handle Formation in Process Long

COAL INDIA LTDNSE

Description

Cup & Handle is a bullish pattern in which once the handle formation is confirmed, the further upside similar as the size of Cup is possible.

Buy Coal India at 148
SL 132
Target 180
Duration 2-3 Months

Comment

The charts are being formed as per our expectation. CMP 153

Comment

CMP 155
Trail SL to 145

Comment

CMP 163
Trail SL to 155
10% Return in less than a month. Enjoy

Trade closed manually

Profit Booked on Trailing Basis at 155 on 16 Jun
Comments
angel_augustin
Hey, what's your view on the evening-star formed recently on daily timeframe? I am new to this, so don't know when to take a position in that situation. Could really use some advice.
Aishwarya_Jain
@angel_augustin, Hi, regret for not replying on time. the pattern is a Bullish Reversal which did gave a good return on the next day. A suggession, I was waiting for the handle confirmation (i.e. a bit of correction). You might have to keep trailing SL with this as the price may again come down (which it actually did)
angel_augustin
@aishwaryajn99, I see, thank you for sharing that information. I have not taken a position yet, waiting for it to sustain above 160.
Aishwarya_Jain
@angel_augustin, Thats a good choice. Entry above 160 on closing basis can give higher chances of profits.
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