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Shorabh_Jain

COAL INDIA rising wedges pattern breakdown coming soon.

Long
COAL INDIA LTD (NSE:COALINDIA)  
Shorabh_Jain  
NSE:COALINDIA   COAL INDIA LTD
Chart Patterns
3
0
chartpattern
Coal India has been under a consolidation area for the past 2 trading days. If this stock breaks and sustains below this zone a short trade setup will activate.
It has formed a rising wedges pattern. Breakdown will lead to a short side move.

Entry: 445
Stoploss: 450
Target: 430, 417

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