1. Coal India has formed Cup and Handle Pattern. 2. I am expecting a continuation of uptrend after a RETRACE. 3. Recent downfall, for me, was just like a "profit-booking" after the results. 4. SL, Entry and Target to be posted afterwards.
Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
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Rejection in chart pattern.
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I expect anyone who is reading my writings to know that there is nothing "certain" in the markets. Neither the %gain on stock nor "out-performance" or "under-performance". There is a risk and opportunity cost involved in both, buying and selling. Selling at any price can often result in "opportunity loss" when the stock moves higher and higher. Human psychology is a culprit here. For e.g. I post any stock which seems undervalued or overvalued to me on tradingview. When anyone makes money on that, they wont appreciate me "a single word". But when they lose or it results in opportunity loss, they are bound to blame me. I don't criticize any person, because I know their psychology has defeated them. At last, there is nothing like "easy money" in the markets. The survival of the fittest holds absolutely true here.
Yes, it came down till 146 today. What's view now on Long side? Can it bounce from support zone.
UnknownUnicorn7637383
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@tanvi13, Any bullish reversal candlestick pattern in daily / 4 hour time frame, or Double Bottom / Inverted Head and Shoulders Pattern in smaller time frames. I won't advice to jump in without confirmation candles or reversal patterns. When there is a lot of wind, even Turkeys fly (Nifty 50 momentum).