Coal INDIA | Round Bottom | Parallel Channel | Wedge pattern 🎯

⭕positional Trading opportunity ! Daily Chart Alert !!!⭕

--Buy above =139 or CMP
--Target = 183.10
--Stop-loss =126.60
--Lot Size = 6100
--R:R = 3.52
--Expected Profit = 11,16,000 ₹ per lot (31.63 % )
--Expected Holding = 3-6 months only
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⭕Technical Reasons to trade or Strategy applied :- ⭕

1) 200ema breakout & retracement .
2) rounded bottom pattern at all time low .
3) parallel channel breakout
4) wedge pattern as well .
5) Fundamental looks good & technical indications are in buy mode.


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Commentaire:

pattern Breakout will give more bullish movements

Transaction en cours:

SL hit ....but it is highly recommend to reenter now at CMP = 143
same stock will recover the losses

Trade fermée: cible de profit atteinte:

1st Target HIT 13 % GAin

👉READ THE TRADE ACTIVE UPDATE👈

Commentaire:

exit at cost those holding