COALINDIA
SHORT TERM || SELL || COALINDIAOne might sell Coal India on rise with SL of 259 and targets of 247/244
COALINDIA forming Inverted H&Scoalindia forming right shoulder of inverted H&S pattern in day timeframe. may go for long once we get breakout
Coal India - Short-term set-up is bullish#Coalindia looks bullish for short-term targeting Rs.255 / 266. #elliottwave
Key support is at Rs.225.
#Nifty #bullish #stockstowatch #stocks
BankNifty, How can you IDENTIFY break on it?There're a few things to consider in order to IDENTIFY an up-breakout here. Such as Volume and Price change, Previous Resistance, News, etc.
I have points out few from the charts.
Previous Resistance is at 27777.
Trading in small range is also important for a breakout.
In the TradingView.com, is not showing Volume so that i can give some steps to identify flow of demand and supply.
suppose to increase price with huge volume can be up break out.
volume increasing without raising price can be profit booking.
Well, as per my prediction there lot of chance to stay in small range for BankNifty if stable volume.
Wait for changing huge volume and price.
COALINDIA is good for seller.
Worst is over ?Price divergence can be seen. Price is continuously closing above the falling channel.
Bears covering their shorts can easily take it 10-15 points up.
Two consecutive Doji on Heikin Ashi charts.
MOMENTUM TRADE IN COAL INDIA DEC FUTMOMENTUM TRADE IN COAL INDIA
YESTERDAY OPEN INTEREST ABOVE 8.5 %
TODAY'S OPEN INTEREST ADDED ANOTHER 5% AND ABOVE
RISING OI+RISE IN PRICE+RISE ABOVE KEY SUPPLY/RESISTANCE LEVEL
SIGNALS BULLISH MOMENTUM
STOCK CONSTATLY REVERSING FROM 246.5 TO 250 LEVELS
FINALLY BREAKS 252
BUY IN FUTURES
DEC FUT
BUY@252.5
STOP@247.5
TARGET@260
LOT:2200
QTY:1
