Support and resistance
Coal India has shown temporary support at 135levels, which also marks the 100%retracement of the previous rally to 157levels. Target has been kept at 50% Fibonacci retracement levels, with a stop loss below 119levels.
Rationale behind this trade
OPEN
RELIANCE
(Enter above 2117.0)
2000
-5.53%
Current
2150
Target
2000
Stoploss
2117
Entered
(21/01/2021 13:15:00)
Recommended on 21-01-2021 13:08:00 and valid till 21/02/2021