Coal
Coal India Swing Trade AnalysisCOALINDIA 15 min time frame analysis
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
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This is only for educational purpose.
Please consult your advisor before making any trade or investment
COAL INDIA PRICE ACTION ANALYSISCoal India stock price has shown a nice rise of 6.39% today with good volumes. The price was trading in a falling channel, the price broke above the ABCD pattern's resistance level. This is a break-out level.
The price is currently at a rejection point from where the massive fall in price had occurred in the past. It is important for the price to sustain above this level to continue the rally.
The supply zone has been spotted on the chart, which might be a hurdle in the future. Better book profits from the supply zone.
Happy trading :)
This is just for educational purposes.
Coal India Wait for breakout from the long term downward trend . Ascending channel pattern can be observed on the chart but we may experience difficulty to break the resistance expecting it will trade in the in ascending channel pattern only till it sustain above 180 once sustain above 180 level then it will be ready for good upside movement
Coal India can be a good Positinal or Swing tradeCoal india is showing good reversal patterns on 1 day time frame candles and also good volumes are coming from the last 12 months in the stocks.there is an Inverse head and shoulder , and also cup and handle pattern on1 day candles. if it breaks the multi year trendline on daily time frame it can give us a great move.
ITS TIME FOR COAL TO TURN 💎#52(GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. I have also posted my views on stocks which on the verge of breakout indraprastha gas, ubl , castrol, hindustan unilever, jindal steel, india bulls, dabur .
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Coal India – Accumulation Phase almost completed, Ready for RUNCoal India – Accumulation Phase almost completed, Ready for a Bull Run.
Entry – CMP
Stop loss – 137.1
Target 1 – 288.5
Target 2 - 441
Duration - 4-5 years
Small resistance between 237.6 to 288.5
All numbers are *Weekly* based
Fundamentally, all numbers are too good, no issues at all and Co is cheaply valued too with 8% as Dividend Yield.
Technically, Accumulation has happened in last 10 months and Weekly breakout level can be above 155.5, Sustaining above this Level can give a good Run UP.
As per below Calculation, Public Holding in Coal India is around 5.45% and more or less Accumulation Phase of this stock is almost completed.
Around 959crs more will be required and there will be shortage of Coal India Stocks in market
Monthly avg volume : 336 (in mill)
Average Price last few months : 127 (rs)
months of Accumulation : 10
Value of Accumulation : 426720 (1*2*3)
converted millions to crs : 42672
Average Delivery % : 20%
Deliverable Qty : 8534.4 (5*6)
Market Cap on 11-05-2021 : 95,888
Deliverable Qty % : 8.90% (44415)
Assuming 50% of Deliverable Qty is Sold again : 4.45%
Public holding : 5.45%
Pending for Accumulation : -1.00% (`10-11)
Value Pending for Accumulation in CRs Rs : -959 (`12*8)
Last 2 days volume is worth 1720 crs so accumulation of 959crs worth of shares should not be a difficult task
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Coal India upcoming Break out As seen in chart I drawn based on the famous triangular pattern , a nice movement can be seen in upcoming time but only if the market is inn favor of bull majorly, this is just example of idea to manage risk reward ratio as well. Do follow for more such upcoming idea on Asian paints , L&T and more.
Coal India: Short term to Mid term bullishAll indicator are positive in daily chart Price above Ichimoku cloud, Conversion line, and lagging span also above the cloud. CMP above all moving averages. Daily MACD cut on positive side, Weekly MACD cut finished buy not yet price shoot up. Upcoming weeks may expect the upward side. These parameters may help to reach the targets. In monthly chart, indicators are loosing the strength on bearish side and slowly turning to positive side.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
Coal India flag pattern , can longA flag chart pattern is formed when the market consolidates in a narrow range after a sharp move. Usually a breakout from the flag is in the form of continuation of the prior trend. Flags give very high risk reward ratio which means relatively small risk and high and quick profits. Remember there is always a risk.
Here breakdown can happen in up side to continue the uptrend.
It is in one day (1D) chart so , there is highrisk
Any suggession......
Chennai petro #Refineries for short term🎯🎯there is an short term term opportunity in Chennai petro.
➣ Stock in weekly resistance zone.Anytime breaout possible
➣ Promising chart,ascending & symmetric triangle pattern in the chart.
➣ Good time to Enter.
➣ In last 3 months, mutual fund holding of the company has increased by 1.64%.
➣ Good Q4 numbers published.
Note guys this is not a buy recommendation.Do your study 🙏
Like🔹Comment🔹Support
Coal India consolidation (Part 2)This is an update to my previous view.
As we can see after the formation of evening star pattern Coal India has started to consolidate. I don't see any further push into the remaining days till expiry this month.
It has a good support around 144. And will give a good buying opportunity if it further falls to 140 and below.
It is a also good opportunity for a short straddle on the current level for a quick scalp with properly defined stop losses.
Coal India consolidation After a big run over 12 percent coal India dropped by 4 percent in a single day. Traders are still bullish on this trade due to the good news. Technical analysis say otherwise.
An evening star is formed- An evening star is a sign of reversal towards the bearish side.
In my view - Coal India will go down ↘ or consolidate for a while between 150 and 140. It won't break the resistance of 160 this month. Hence there is a good opportunity to sell the 160 CE option and earn from it.