Bearish Pattern Alert!
📊 Pattern: Descending Triangle
📌 Symbol/Asset: Coal India
🔍 Description:
Stock Bearish If Support Level Breaks & Sustains Below Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Hi guys, In this chart i Drew My Best Levels in COAL INDIA for short position using 15M Time frames....I am in a downtrend right now so shorting is better, I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart...
Chart -> Coal India Daily
Coal India has given a Symmetrical Triangle breakout in the daily time frame.
CMP: 198
Targets: 210, 220, 230
SL: Daily close below 190
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
COAL 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...
Cup and Handle Pattern, Breakout Entry Days candle should close above 191
Holding Period: Long Term
Entry Above: 191
Stop Loss: 139
Target 1: 238.50
Target 2: 278.50
Coal India (Daily):
1. Stock has formed a Double Top
2. Also there is RSI divergence
3. Today's candle closed below yesterday's low
4. Closed below 5 Days Exponential Moving Average
5. First Support 172.50 levels
Today COAL India created Spinning top candle, which show the indecision in markets, if price broke above today's high we will be looking for buy at retest or respective demand zone, if price brokes below today's low then we can expect Sells until it fill the Gaps. Look for Lower time frame break of structures before taking any trades
So, 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...
Hi There,
In this Picture
R1 Defines Resistance 1 & R 2 as Resistance 2 and as a target though
After Hitting Target 1, the trend line pattern will be changed
the White arrow indicates there will be a fast and straight up in market
you can buy @ NOW - Target 1 - 160
Possible From Arrow - with a false breakout it will continue to move up
Don't forget to Share your...
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. ...
![COALINDIA: Simple Trade Setup | COALINDIA | 30-12-2021 [INTRADAY]](https://s3.tradingview.com/m/ms8FOpBQ_mid.png "Simple Trade Setup | COALINDIA | 30-12-2021 [INTRADAY]")
