Coalindia 9 years breakout & retest

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Simple cup & handle pattern in coal india. It is sustaining the breakout. Target can be huge. Keep accumulating for steady move. It has 9 years breakout and retested. so the move will be powerful.

Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.

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Going good as per the study. Just started. Full active now.

ảnh chụp nhanh
Ghi chú
Heading towards the short term target of 540

ảnh chụp nhanh
Ghi chú
Short term price action.

ảnh chụp nhanh
Ghi chú
Good target.

ảnh chụp nhanh
Ghi chú
Above 542 good price action expected till 585-590. Be ready.

ảnh chụp nhanh
Ghi chú
Always bullish above 520. Should just hold that level.
Ghi chú
Coal india 480-490 accumulation zone only. Can go good from here. Trendline breakdown there but i feel this is still bullish only.

ảnh chụp nhanh
Ghi chú
400 is final support. Take a chance at this price.
Cup And HandleTrend AnalysisWave Analysis

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