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NeeteshJain
2 de Nov. de 2016 4:12

Coal India - Short Trend Setup  Corto

COAL INDIA LTD.BSE

Descripción

It is been observed that the price action is been forming Lower Lows and Lower Highs on daily chart indicating a weak trend move towards downside. It shows strong weakness and it shall be confirmed once the price action closes below 320 levels on daily chart.

Target: 312
Stoploss: 332

Operación activa

Operación activa

Big Fall today, closing to targets, Cheers

Operación cerrada: objetivo alcanzado

Target reached successfully, Regards (Big Fall did happen)
Comentarios
dev_trader
Thanks Neetesh. Just out of curiosity...This trade will be initiated post today's closing 323. Or any 30 min or hourly chart below this level will be consider to enter sell.
NeeteshJain
Take initiative once it breaks and closes below 320 levels on daily chart. Regards
dev_trader
Sounds like a plan. Thank you :)
NeeteshJain
Yes, it does. If sellers want to win the battle then they need to cross over buyers brick wall layered around 320 levels. Hope this sounds like a plan too :)
dev_trader
Just wow :) Plan worked.
NeeteshJain
Yes It did work out well. Regards
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