Coal India breakdownI am holding on to my slightly bearish view of this stock. As per my earlier predications coal India has consolidated just fine.
Moving on there will be a break down or break out. My view is slightly bearish. But this time there is a very strong support at 140 level.
So incase of a breakout this month, we can see see the stock rallying upto 170
Keep a watch at breakout at 150 -152 level if broken we can see a good rally which has been due since longest amount of time.
For safe trader can sell 170 ce with a strict stop loss or a hedge.
COALINDIA
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......
Coal India | Huge breakout coming | See description for details🔰 Hello my friends, here is the story I see behind this stock:
⭐Fibo: On 0.3 healthy retracement
⭐Pattern: Flag and pole :)
⭐Volumes: Are ok if u see a jump in volume in 1hr that's a bonus
⭐Hold if it closes above the pink line on the D chart that would be a huge breakout :)
⭐Closing above 160 will give huge upside, the pattern will be updated with lvls then
⭐Trade will be activated on 1hr itself
⭐Risk: closing below 140 on 1hr = SL and Target = Well winners don't put targets :)
🔰Am I taking this trade: No---Reason: Already in the trades of Naukri and PPL as posted last time :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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Coal India - Turning Around It has been observed on a weekly chart that the price action is forming a bullish "Inverse Head n Shoulder Pattern" indicating buyers coming back in the stock and shall turnaround stock to upside in coming weeks.
It is providing a good investment opportunity with holding time of 6m-1year.
T1- 250 SL 130
COALINDIA Analysis- Buy And Sell LevelsHere is just an update for coalindia . Both buy and sell levels are given. Follow Chart. Earlier I gave only sell levels.
In Buy side we are just trying to take early entry on the basis of ripple.In weekly time frame it is strong and if it crosses 165 it will go to 190.
So, Build your positions accordingly.
See the below chart shared earlier. Both buy and sell levels are valid. Use alerts for entry.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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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
Consolidation part (3)A bit of a scare last trading session of coal India reaching out to break it's new high. But the stock broke down today.
My view is still the same- There will be consolidation and the stock will give a closing at around 140 rs. ( That will be a great opportunity to buy so doo look for it)
I doubt upper levels are going to breached this month. We have 5 more trading sessions left. Play safe boys.
COALINDIA - Bullish Engulfing at resistance turned to supportNote: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish engulfing at resistance turned support. This seems like a pullback as the volumes reduced while price came down to support. Moreover, RSI is at 66 which indicates bullish momentum.
SL: ₹140.
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.
Multiple pattern breakout expected in COALINDIA. Since 2015, the stock is respecting the channel trendlines as shown in the chart.
Also, we can see a Cup & Handle pattern within the trendline, which shows us the good probability of a bullish move.
Once the stock breaks out from the neckline(155), we can expect it to witness some resistance at the channel's upper trendline (180-185).
If the stock manages to breakout from this channel pattern of 6 years with good volumes, we can expect it to touch 215, 285, 350 levels soon.
BUY AROUND - 160-165
SL - 120
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.