ParamjitMahapatro

coal ind should bounce

Lång
NSE:COALINDIA   COAL INDIA LTD
in weekly, hammer formed at horizontal support.

in daily, regular bullish divergence seen.
sl - 235, tgt - 280
Handel aktiv:
today big green candle formed and closed above upper BB. and BB is expanding, sign of bullishness,
Handel aktiv:
cmp - 255, trend line resistance broken with good volume,
Handel aktiv:
till now 259.80, and price is clinging to upper bb and bb is expanding, sign of bullishness,
Handel aktiv:
going good, till now 270.85, Inv HnS formed and breakout happened with good volume, looks quite bullish now.
Handel aktiv:
till now, 281.35, BB is expanding and candles are riding upper BB, sign of bullishness

Trade stängt: målet nått:
all tgts achieved here, cheers
Kommentera:
after hitting the inv H&S tgt, price retraced back to the pattern neck line, then regular bullish divergence formed at the support zone, after some consolidation, it is again showing strength,

Kommentera:
follow up analysis, price bounced sharply, after hitting the support zone,
Kommentera:
in weekly, price showing strength, next tgt - 330,

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