Coal India
COALINDIA
has reversed sharply from strong support zone between 260 – 265 levels.
To me it looks like a double bottom formation with positive divergence.
Good opportunity to go long with stop loss a few points below the double bottom lows and first target near 290 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
COALINDIA
has reversed sharply from strong support zone between 260 – 265 levels. To me it looks like a double bottom formation with positive divergence.
Good opportunity to go long with stop loss a few points below the double bottom lows and first target near 290 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.