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Coal

Coal India showing a break down on the daily and weekly charts.Coal India has been trading in a parallel channel from Feb 2024 and the range has been broken and closing below it has been given on the daily and weekly basis. The stock is trading around a support zone of 480-485. It is trading around the 100 ema levels on the daily charts and closed below 20 ema on weekly charts. Entry in a bearish trade can be made once the market take a retest around the round number figure of 500 and forms a negative price action. Clear pattern break down is there in the stock. Positional/swing trades can be initiated once there is a retest and break down of the support zone. Entry :- Below 480 Targets :- 465 Stop Loss :- 490 (close on hourly charts) Wait for the price action near the levels before entering the trade.
NSE:COALINDIA
by Mambotrade
COAL INDIA -- BULLISH BREAKOUTCOAL INDIA --- BULLISH BREAKOUT.-- COAL IN DEMAND .!! 1. Weekly multiyear chart seen multiyear breakout 2. Daily chart seen resistance breakout as well as 52 week high breakout 3. RSI ABOVE 60 in daily chart Currently at 62 level which is strong bullish indicator at 52 week hig level 4. MACD bullish above center and signal line 5 . Above SMA 20.50.100.200 6. Histogram seen Bullish. BUY COAL INDIA @ 202 target 250-275 ( positional- 2 month ) stop loss 165 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. @@ trdae at own risk .!! HAPPY TRADING !!
NSE:COALINDIALong
by champtrade111
8
NTPC 350+ ?? Possible.. Best Ride in CashSo, let’s not forget the great power crisis we were in just few weeks back. India did not have enough coal they said. Let’s not forget March starting AC will be running and we will need gigantic supply of power. Let’s also understand that everything else has ran up quite significantly and needs a breather. Coal India and NTPC have not run so much. Best time to buy NTPC and Coal India in cash now. Sell in August - October 2022 timeframe. Targets are marked in green line. This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
NSE:NTPCLong
by DoublebassmaniawithPranav
Simple Trade Setup | COALINDIA | 30-12-2021 [INTRADAY]NSE:COALINDIA Observations: 1) On 1 day time frame, it face resistance from 21DMA and still trading below 200DMA. 21DMA is placed at 149.37 and 200DMA is placed at 150.81 level range. Hence, 150-151 will me major resistance area. And it is trading with immediate support trendline. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 30-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. Disclaimer: Posting this on request.
NSE:COALINDIA
by Trading_hawk
1