Trendline retest in Coalindia

A long downtrend trendline is seen in weekly chart . Onces the trendline is broken stcok shows a good upward movement with 2 trendline. 1st one is aggressive but can't sustain so 2nd smooth trendline is necessary.

Initiat long position around 135.

Target : 145/150/160

Stoploss : with appropriate position size take 2% of your capital in Delivery and Future.

Above Ideas is only for Educational purposes , please consult your financial advisor before taking long position.