Friday, July 21, 2017

#COALINDIA #LearningwithMarar #VSA

The stock has been in a down trend since March. Now it does look like the down side has been capped and a smart money campaign is in the offing.  


During June we saw the down trend taper off with indications of lack of Supply. Then we saw a classical successful Test. This was soon followed by a Rally. However the Rally was on low volume and that did not give us the confidence. The following retracement ended with high volume up bar indicating strength.  A “Effort to move up bar” followed starting another rally on increased volume. This is a clear indication that the smart money did have some prior information on the positive news which would follow and they are ready to start a campaign. Today we saw a very high volume widespread up Bar which is obviously driven by the positive news. Clearly looks like the smart money campaign would continue and this provides a good opportunity. A conservative SL would be 250 and last price support level would be 243.


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