COALINDIA
Coal India forming - Inverse Head and Shoulder ??Coal India is in a down trend since long and like most of other public sector stocks is in a deep sleep. But the recent price action suggests it might be moving towards forming an Inverse Head & Shoulder. Things are still far from any kind of confirmation but have to keep an eye in the stock for next few weeks for any breakout.
Coal INDIA | Round Bottom | Parallel Channel | Wedge pattern 🎯⭕ positional Trading opportunity ! Daily Chart Alert !!! ⭕
--Buy above =139 or CMP
--Target = 183.10
--Stop-loss =126.60
--Lot Size = 6100
--R:R = 3.52
--Expected Profit = 11,16,000 ₹ per lot (31.63 % )
--Expected Holding = 3-6 months only
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⭕ Technical Reasons to trade or Strategy applied :- ⭕
1) 200ema breakout & retracement .
2) rounded bottom pattern at all time low .
3) parallel channel breakout
4) wedge pattern as well .
5) Fundamental looks good & technical indications are in buy mode.
Guys check out the related ideas as well, it will work really well GUARANTEED !
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👍LIKE if think is useful !
✍COMMENT Below your view !
COAL India: Long. Inverse H&S PatternCOAL India
One can enter in COAL India at CMP with the SL @135 Weekly Closing Basis. The stock is forming an Inverse Head & Shoulders pattern with the target of 175-180. Follow SL strictly. PSU's are looking very good on the charts. The volumes are also drying up which indicates consolidation near breakout.
COAL INDIA LTD, Daily ChartCOAL INDIA LTD. Daily Chart.
Has given Breakout of Both Cup-N-Handle Pattern & Head n Shoulder Pattern at Same Time,
LOOKS Good to BUY at CMP or in Dips if you get Chance, with StopLoss of 134 Closing Basis.
For Targets of 152.80, 165, & then 180.
CUP N HANDLE BREAKOUT
HEAD & SHOULDER BREAKOUT
ZOOMED IN BREAKOUT
OVER-ALL TOP VIEW
DISCLAIMER :
I AM NOT SEBI REGISTERED ANALYST.
THESE STUDIES EDUCATIONAL PURPOSE ONLY.
CONSULT YOUR FINANCIAL ADVISOR BEFORE TRADING OR INVESTING.
📊 #Coalind #Coal India 🎯NSE:COALINDIA
whoever holding from lower levels just hold it tight if find breakout. fresh breakout above resistance only. and if find reversal as resistance one can short as well.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.