Trendline retest in Coalindia
A long downtrend trendline is seen in weekly chart . Onces the trendline is broken stcok shows a good upward movement with 2 trendline. 1st one is aggressive but can't sustain so 2nd smooth trendline is necessary.
Initiat long position around 135.
Target : 145/150/160
Stoploss : with appropriate position size take 2% of your capital in Delivery and Future.
Above Ideas is only for Educational purposes , please consult your financial advisor before taking long position.
Initiat long position around 135.
Target : 145/150/160
Stoploss : with appropriate position size take 2% of your capital in Delivery and Future.
Above Ideas is only for Educational purposes , please consult your financial advisor before taking long position.
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