Coal India is looking bullish on chart for short term positional trade.
The Mother Candle along with Inside Candle Concept is widely used by trader universally.
This pattern is considered to be a high probable trade setup and is also one of my favorite trading setups for intraday / swing / positional.
One can look for entry between 228-230 provided a daily candle closing above the mother candle. (candle closing above mother candle is a must)
Will suggest a tight stop loss of 210 incase the setup fails. (Note: No setup is 100% probable, so managing risk & position sizing is a must)
Disclaimer: Not an investment advice. Do your own analysis, research and manage position sizing according to your risk taking appetite.
The Mother Candle along with Inside Candle Concept is widely used by trader universally.
This pattern is considered to be a high probable trade setup and is also one of my favorite trading setups for intraday / swing / positional.
One can look for entry between 228-230 provided a daily candle closing above the mother candle. (candle closing above mother candle is a must)
Will suggest a tight stop loss of 210 incase the setup fails. (Note: No setup is 100% probable, so managing risk & position sizing is a must)
Disclaimer: Not an investment advice. Do your own analysis, research and manage position sizing according to your risk taking appetite.