COALINDIA
COAL INDIA: MAjor breakout after consolidation phaseCOAL india struggling since few weeks between 120-130 levels which was consolidation phase and huge accumulation has occured in this zone.
A descending triangle can be observed as well.
2 huge volume bars has caused the price to broke out of the triangle and consolidation phase. Even though Nifty hasnt moved well, COal india has build a good momentum.
Go long with below targets
T1 150
T2 166
T3 185 ( long term view)
SL 128
COALINDIA - AMAZING BREAKOUT #INTRADAYLast week, I had posted charts of COALINDIA forming a descending channel and also predicted a breakout in the coming days.
Here it is, this may not be like a 5-10% trade or something. But a 2% is enough for intraday.
The trade involved no risk and very easy to spot as the volume rocket from 100k to 2.9M as the breakout happened.
This was to show the power of PRICE ACTION TRADING .
And people looking for SWING oppurtunity can zoom out the chart and see a trend line @ 141 which can be set as target.
Entry - After a clear trend after retracement
Exit - Trend line @ 141
Stop - 129 (or according to your risk profile)
Thank You
Have a nice day!!
CoalIndia long I hope you can now see how CoalIndia represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Example presented in these chart is for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
COALINDIA: A strong break out with volumeThere has been a breakout in COALINDIA with strong volume. Wonderful opportunity to enter as a swing trade.
COAL INDIA ---- Daily Chart Analysis Wait for breakout or breakdown
but look for buying opportunities
mostly upside
COALINDIA FOR SWING & INTRADAY TRADERSPrice action analysis for Coalindia
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.
Adam and Eve Pattern Adam and Eve with inverse Head & shoulders.
Target-based on Adam & Eve with Fibonacci Extension
Buy coal India at 130 for short term target of 140 to 147Duration- 7-10 working days
Please book profit whenever you are getting decent money don't wait for exact target as market is too volatile these days.
coal india coal broke the small patern with red and above that there is trend line which is resistance of that and even stop loss also .
COAL INDIA ANALYSISTrade the triangle breakout. Go short if the price crosses the red line with target of 129 and SL - 132.50. Go long if the price crosses 132 with a target of 133.8 and SL - 130.9.
COAL INDIA SHORT !COAL INDIA looking weak on daily chart ! it has gave bearish signal with all broken moving average (10,20 & 50 days ). one can bet on coal india for short target of 125 & 120 respectively targets by this month expiry !
Coal India - Bear Flag patternNote: This is for educational purpose only.
There seems to be a formation of bear flag pattern on weekly chart. RSI below 40 which indicates bearish momentum.
Coal India is Bullish after looking at 4H ChartPlease refer the image as I have mentioned all the levels of retest and target , go accordingly and follow the rules to proceed.
Coal IndiaI think coal India Sharing is going to move in a narrow trading zone now.
The major support zone is around 121 levels.
The stock may retest the level of 134 around.
I see bullishness in RSI.
COALINDIA AT A VERY GOOD RISK REWARD ZONE.A GOOD SHORT CAN BE INITIATED IF IT GIVES A CLOSING BELOW 138 WITH A SL OF 144 FOR TARGETS NEAR THE BOTTOM ZONE OF THE CHANNEL IN NEAR TERM.
