COAL INDIA – Bearish

[Thiyagu]

Trade Plan

Symbol : COALINDIA

Direction : Short

TARGET : 275

STOP LOSS : 320

ENTRY : 300

[Vignesh]

Sir, i think you have left to consider the fact that coal India gave 27.4 rs dividend.( it colsed at 318, the day before the book closure and next day after dividend it closed at 296, even after a  Rs27.4  div it fell only Rs 22)
i am working on the chart currently will post my analysis shortly, i think its a buy at current levels

[Vignesh]

I AM VERY SORRY SIR,

I did not see this analysis was on dow theory, as per dow theory you are right, i replied to the wrong topic.

[Author]

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