COAL INDIA: MAjor breakout after consolidation phase
COAL india struggling since few weeks between 120-130 levels which was consolidation phase and huge accumulation has occured in this zone.
A descending triangle can be observed as well.
2 huge volume bars has caused the price to broke out of the triangle and consolidation phase. Even though Nifty hasnt moved well, COal india has build a good momentum.
Go long with below targets
T1 150
T2 166
T3 185 ( long term view)
SL 128
A descending triangle can be observed as well.
2 huge volume bars has caused the price to broke out of the triangle and consolidation phase. Even though Nifty hasnt moved well, COal india has build a good momentum.
Go long with below targets
T1 150
T2 166
T3 185 ( long term view)
SL 128
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