Downtrend channel breakout in COALINDIA for target of 165+

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COAL INDIA LTD (NSE:COALINDIA)

NSE:COALINDIA COAL INDIA LTD

supportandresistance parallelchannel movingaverage coalindia breakout swingtrading priceaction

COALINDIA showing downtrend channel as well as 200 Day's EMA breakout. It indicating we will see a strong bullish move in the coming trading session. We can go long above 139 for a target of 152 and 165 with a very close stop loss at 133.

Possible Trade:
Buy COALINDIA above 139
Stop-loss 133
Target 152 165+

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