[Time Frame - Daily]
Coal India has been trading in an ascending channel since Oct'2020. It has recently tested the lower trendline on 23.08.2021 and has given a confirmation for an up move on 30.08.2021 (with good amount of volumes). It also gave a breakout above the 100 DMA & 200 DMA on the very same day. The stock appears to be in a good position to test levels of 175-180. Once it takes out 150 and sustains above it, swing trade can be initiated.