The last time coal prices went this high..Coal India crossed 200. The only reason it didn't go higher is govt curbed E-auctions (how they make majority of their profits) coz power plants were short on coal.
We can try to trade it again with the same thought process with hopefully this time coal e-auctions happening with record volumes at windfall premiums.
Long above 165 and then again above 170. stoploss for the trade below 154. Again with a target of close to 200.
We can try to trade it again with the same thought process with hopefully this time coal e-auctions happening with record volumes at windfall premiums.
Long above 165 and then again above 170. stoploss for the trade below 154. Again with a target of close to 200.