Consolidation in COAL INDIA - Expect a 15% upmove post breakout
COAL INDIA - is nearing its 52 week high with decreasing supply on a daily time frame with a consolidation from the past 100 days.
The company has seen an influx of institutional investing. Coal has also been a silent performer and will only increase with the dependency on the product.
Good for swing traders to be kept on watchlist. Look for volume gain above the 30w moving average on weekly time frame.
Can expect an upward momentum of a min of 25%.
Entry - On breakout - INR 455 and above.
SL - swing low of 3%
TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
The company has seen an influx of institutional investing. Coal has also been a silent performer and will only increase with the dependency on the product.
Good for swing traders to be kept on watchlist. Look for volume gain above the 30w moving average on weekly time frame.
Can expect an upward momentum of a min of 25%.
Entry - On breakout - INR 455 and above.
SL - swing low of 3%
TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.