Coal India Technical View
- Post the IPO the stock made a high at 420-425.
- Post Indian Elections it made a top around 420-425.
- The stock has given a breakout on a short term basis above 395-405.
- Its been 5 years and the stock has not been able to breakout. Looks like an unusual cup and handle pattern.
- It could be an interesting stock to watchout for in the long term. A move beyond 420-425 will confirm.
- A risky bet could also be at current levels and add on dips or breakout.
Technical Analysis Training Mumbai – 27-28th June 2015.
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Nooresh Merani
Securities covered above:: COAL INDIA
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July 2, 2015
nice article