padiyara

COALINDIA: ₹290 near to an year long trend line sup:₹285

NSE:COALINDIA   COAL INDIA LTD
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COALINDIA: ₹290 is trading near to an year long trend line support ₹285, the recent 18 rupee dividend made gap down trade eventually brought it to support level . Can expect a bounce from her as the stock is highly over sold. But the poor performance can bring the stock down to sub ₹200 level.
Break of ₹285 will be a drastic fall, where as a support at trend line can bounce to ₹326 level.
Comment: moving as expected

Comments

The delivery Volume of about 29 lacs on the last trading session has risen by >18% as against 5-day avg delivery volume. Increase in volume / delivered quantity on price decline shows stock is gaining the momentum. Worth to watch out for in the coming sessions; will it change the current trend or hit new low. Thanks.
Reply
padiyara VijNat
@VijNat,
COALINDIA EQ 29-Mar-2017 290.35 290.50 294.60 290.20 293.80 294.10 293.24 57,56,051 1,68,78,78,330.95 37,752 42,13,819 73.21
COALINDIA EQ 30-Mar-2017 294.10 295.50 295.50 289.00 289.60 289.50 290.60 71,41,482 2,07,53,26,159.70 38,231 42,42,955 59.41
COALINDIA EQ 31-Mar-2017 289.50 290.00 294.20 289.60 293.00 292.65 292.33 70,16,938 2,05,12,36,588.00 35,975 3,611,759 51.47
COALINDIA EQ 03-Apr-2017 292.65 292.65 295.25 291.00 295.10 295.00 293.63 32,52,869 95,51,39,610.75 20,626 22,17,387 68.17
COALINDIA EQ 05-Apr-2017 295.00 296.80 296.80 289.80 290.00 290.05 291.87 78,97,483 2,30,50,10,755.20 85,973 57,68,009 73.04
COALINDIA EQ 06-Apr-2017 290.05 289.80 289.80 285.75 286.35 286.40 286.43 8,564,973 2,453,264,677.95 80,053 62,43,276 72.89
COALINDIA EQ 07-Apr-2017 286.40 286.20 286.20 280.10 284.75 283.90 282.54 118,62,350 3,35,16,04,343.40 77,999 82,70,016 69.72
COALINDIA EQ 10-Apr-2017 283.90 284.90 288.60 284.75 286.20 286.75 287.09 52,00,02 1,49,28,94,853.20 43,387 38,64,402 74.31
COALINDIA EQ 11-Apr-2017 286.75 286.50 290.40 286.15 289.00 288.90 289.03 40,64,823 1,17,48,63,413.65 37,551 29,67,280 73.00
COALINDIA EQ 12-Apr-2017 288.90 288.25 291.85 288.00 290.00 290.00 289.98 47,47,753 1,37,67,36,446.90 29,275 32,11,889 67.65
COALINDIA EQ 13-Apr-2017 290.00 288.90 291.55 288.55 291.50 291.05 290.77 38,47,263 1,11,86,53,869.65 31,756 31,41,812 81.66
COALINDIA EQ 17-Apr-2017 291.05 291.00 291.00 285.20 285.40 285.80 287.23 15,15,055 43,51,64,552.50 32,662 8,20,426 54.15
COALINDIA EQ 18-Apr-2017 285.80 283.00 284.50 278.70 279.20 279.25 280.75 49,06,059 1,37,73,95,457.95 57,831 28,03,420 57.14
COALINDIA EQ 19-Apr-2017 279.25 278.50 283.40 276.10 282.70 282.70 280.85 39,93,645 1,12,16,31,791.05 51,434 22,83,100 57.17
COALINDIA EQ 20-Apr-2017 282.70 283.90 284.00 278.10 279.55 279.40 279.66 38,33,330 1,07,20,41,934.65 27,767 2,544,317 66.37
Reply
padiyara VijNat
@VijNat, I was trying to send the link, where we can see the Delivery quantity data.
your said criteria is occurring every other day. so that may not help. but is momentum building u, then things will change.

please check the nse site.

I am not sure how you will see the Link at your end.
https://www.nseindia.com/products/content/equities/equities/eq_security.htm
Reply
padiyara VijNat
@VijNat,

COALINDIA EQ 20-Apr-2017 282.70 283.90 284.00 278.10 279.55 279.40 279.66 38,33,330 vol 1,07,20,41,934.65 27,767 2,544,317Lakh 66.37%
Reply
Was today's upside a reversal from support ?
Reply
@Basty,
its a bullish harami at TL support, so definitely a reversal here
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Holding long with a closeing basis SL of 281
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