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Rehan_sharif

Coal India taking support from trend line.Go long after breakout

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COAL INDIA LTD (NSE:COALINDIA)  
Rehan_sharif  
NSE:COALINDIA   COAL INDIA LTD
Trend Analysis Chart Patterns Wave Analysis coalindianalysis coalinida coalindiabuy coalindiatechnicalanalysis
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trendanalysis chartpattern waveanalysis coalindianalysis coalinida coalindiabuy coalindiatechnicalanalysis
The stock is currently taking support from a trendline and has also formed a double bottom pattern on the trendline, go long after a successful breakout of the EMA 200 (15 min time frame) . Let the price break the upper zone (i.e purple line) and let it retest from the zone , if you see a good green candle you can go long . Note : Place a logical stop-loss (Suggested : Below the zone).
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