I will discuss now COAL INDIA.
Seeing this chart,amazed at the power of 61.8.
When I explain, you will be astonished.
Technical parameters
MACD signal cross happened in First week of Sep.
RSI upward
PVT up but shows momentum is still lacking.
Now have to check confirmation of downtrend closing .
448 -233 is full FIB cycle and looking at a new trend confirmed by indicators pointing up.
Now it is clear buy and early entry suggested before momentum steps up.
Buy 259 and on dips.
Now we go to target setting.
61.8 of the Previous downtrend is 315.20 and a Horizontal line is plotted.
You can see the line passes through the lows of two candles at different periods
and are marked with flags.
Can you see the big Gap-down there? MAGIC of 61.8.
Now that is my target with an early exit price of 314.85.
21.5% upside.
Seeing this chart,amazed at the power of 61.8.
When I explain, you will be astonished.
Technical parameters
MACD signal cross happened in First week of Sep.
RSI upward
PVT up but shows momentum is still lacking.
Now have to check confirmation of downtrend closing .
448 -233 is full FIB cycle and looking at a new trend confirmed by indicators pointing up.
Now it is clear buy and early entry suggested before momentum steps up.
Buy 259 and on dips.
Now we go to target setting.
61.8 of the Previous downtrend is 315.20 and a Horizontal line is plotted.
You can see the line passes through the lows of two candles at different periods
and are marked with flags.
Can you see the big Gap-down there? MAGIC of 61.8.
Now that is my target with an early exit price of 314.85.
21.5% upside.
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