Coal India: Buy ascending triangle breakout above 484....
CMP: 488
Upside target: 530, 558, 589
SL: 448
#CoalIndia
#COALINDIA (D)
- Strong Breakout Candidate
- Ascending Triangle Pattern BO
- Big Accumulation Base
- Strong Bullish Momentum
- Trading All Time High
- Massive Volume Buildup
- Looks ready for 535/580+
- TF ≈ 3-4 months
#Investing
#CoalIndia organised a stakeholders’ consultation on the use of drone technologies at its corporate office in Kolkata in hybrid mode. The event saw participation from drone service providers, manufacturers, and members of the Drone Federation of India.
#COALINDIA
1. Coal India has broken 14+ year's resistance breakout on chart, indicating a significant price move.
2. The trading volume is increasing, which confirms the strength of the breakout.
3. Given these factors, Coal India high potential stock for next few months
Bought #CoalIndia 305 CE at cost 3 rs with max upside 7 #Spread
+1 x 505 CE Adrián Lamo.75
-1 x 515 CE Blair.75