COAL INDIA: MAjor breakout after consolidation phase
COAL india struggling since few weeks between 120-130 levels which was consolidation phase and huge accumulation has occured in this zone. A descending triangle can be observed as well.
2 huge volume bars has caused the price to broke out of the triangle and consolidation phase. Even though Nifty hasnt moved well, COal india has build a good momentum.
Go long with below targets T1 150 T2 166 T3 185 ( long term view) SL 128