Hello Traders,
Sharing the weekly chart of Coal India, there is a breakout happening from an important resistance zone in the stock & also a cup-n-handle pattern is being formed in the chart from which the stock has given a good breakout with heavy volumes.
The stock has moved in good strength this week one can make an entry at this point also but a retracement entry will be much better.
SL Price- 220
Target Price 1- 380
Target Price 2- 420
It's a weekly timeframe so it may take some time to achieve targets.
Disclaimer- Please do your own analysis before entering into any trade.
Best regards Happy Trading- Harshit.
Sharing the weekly chart of Coal India, there is a breakout happening from an important resistance zone in the stock & also a cup-n-handle pattern is being formed in the chart from which the stock has given a good breakout with heavy volumes.
The stock has moved in good strength this week one can make an entry at this point also but a retracement entry will be much better.
SL Price- 220
Target Price 1- 380
Target Price 2- 420
It's a weekly timeframe so it may take some time to achieve targets.
Disclaimer- Please do your own analysis before entering into any trade.
Best regards Happy Trading- Harshit.