Coalindia 1st chart show that its break more then 2 yrs falling trend break in 2-3 Month before and then after its test that trend line again and start up side journey.
As per this 2nd chart we see short term Rising Wedge pattern on chart.Pattern up side Resistance Line is near 174 so in coming week it may be near 175. So is important number for more upside.
As per this 3rd chart we see some Fibonacci Retracements of previous swing level of 271.45 to 109.55. Is 50% near 171.40. So if Sustain above that is also important for next up move.
As per this chart we see its cross last 2 swing top which Higher Top Higher Bottom formation with good volume. 21w and 34w EMA slop also upside.
As per this last chart we wee some moving averages on price. After a More then 3yrs 1st time 20w MA (Yellow line) cross 100W MA (Gray Line). which show short term trend turn positive then higher term trend. which also indicate that up side move is strong if come.
So Summary is that this Coalindia Long strong up move in coming time. one can close watch it and take own decisions or contact your Financial Advisor also.
Have Great time.
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