AJAYSHARMA

Positional Buy for very good gains

NSE:COALINDIA   COAL INDIA LTD
Coal India looking deadly positional buy . 2 signals gold cross of Kinko Hyo (Tenka nd Kijun also pointing upwards) and Chokouspan breakout have happened . Wave ii flat with exact 0.618 retrenchment for wave i has also happened . It has crossed 20/50/100 EMA and is resisted by on 200 EMA now . This seems to be a powerful setup. If one is aggressive ,buy after 200ema cross with SL at 129 or wait for Kumo breakout.
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