Rajat_the_HERO

Swing Trade for COALINDIA

Long
NSE:COALINDIA   COAL INDIA LTD
Long Entry for COALINDIA: at a support zone in the trend line , being followed from October 2020. In weekly chart, we also see a long lower tail candlestick at the trend line support zone on the week 20 Dec 2020.

  • Buy between - 146-150
  • Stop loss - 138

  • Holding Period - 2-3 weeks or longer


Note: If you risk to trade this idea, you alone will be enjoying it's profit as well as the loss, if something goes wrong.

Happy Investing :)


Comment: Target for about 200
Trade active
Comment: Can be bought for long term, more than 2-3 weeks
Trade active: As per plan, Entry at 150 or below .
Trade active: 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 Level to Watch: 162.20
Comment: Weekly Close Over the trend Line
Comment: Short Term Targets :

Target 1: 162
Target 2: 172
Target 3: 184
Trade active: Target 1 Reached COALINDIA, going for next target
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