Tuesday, April 17, 2012

COALINDIA : Triangle Breakout with support of good volumes.

COALINDIA : Triangle Breakout with support of good volumes.

Chart of Coalindia has formed a triangle breakout with support of good volumes. Technical indicator MACD is in buy mode.RSI is in bullish zone. The price move is likely to continue where next area of resistance is seen around 360 / 368 levels on lower side support expected around 344 levels.
Trade with stoploss only.

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