Coal India to approach channel resistanceCoal India has been trading in rising channel respecting support and resistance, it has been trading at support and may see rise towards resistance around 329 in near term.
COALINDIA
Coal India - 3rd TouchNSE:COALINDIA is heading towards 3rd touch of the trendline.
A strong bullish bar with good volumes and also rejection wicks of recent bearish bars; accompanied by 50 DMA signal a probable upmove after consolidation of the prior strong upmove.
CMP- 313.55
Exit below 310.
Target 320-325 according to line.
Symmetric Triangle on Coal IndiaSymmetric Triangle on Coal India
Trade
Buy above - 318
Target - 320.60
Stoploss - 316
Buy Coal India with target of 315Coal India after a long down trend breakout seems to be retesting the support, traders may enter long at 298-300 with a target of 308 first and 315 target in near term with sl 295
Coal India may reverse touching channel resistance COAL India has been trading in down trend and has been trading in a channel except few false breakouts, the stock is approaching channel resistance and have limited space,it is better to short at slightly high around 304 with a target of between 275-280 in near term.
Coal India approaching channel resistance 316Coal India has been trading in down trend, there have been some false break but it entered into bearish channel and trading respecting support and resistance. it seems to touch channel resistance up to 316 and may reverse touching resistance and approach to support somewhere between 298-300.
CoalIndia Short breakoutCoalIndia is giving a short breakout below 311.90 for the downside levels 308.40/305.40 if do not break the level 314.90 on upside
Coal India approaching 335.60 Coal India is trading in range since last 3 months, between 309.86-335.66, it is again approaching target 335.60, trader may go long in Coal India up to 335.66 and wait for breakout, if breaks it may further go upward with a target of 350.0 or reverses touching 335.66.
Coal India Breaking Out Channel Pattern (Bearish)The price action breaks out from a trending channel , indicating weakness and bearishness. It shall now reach to Fibs levels targets at 321, 313. Stoploss 336
Coal India : A Step or Two Ahead... Potential Gartley !Enter short positions in CoalIndia , only if there is valid bearish confirmation around 331 zone
After Target-1, you can either trial stops or reverse the trade bcos of Bullish Gartley
If coalIndia shoots up in resistance zone, dont enter short positions.
Coal India - Dark Cloud Cover Candlesticks Pattern (Educational)In the above chart, I have marked two candlestick patterns, Dark Cloud Cover and Piercing Pattern and describe their fundamentals. It is been drafted for educational purpose.
