COALINDIA
COAL INDIAHi guys, In this chart i Drew My Best Levels in COAL INDIA for short position using 15M Time frames....I am in a downtrend right now so shorting is better, I found a good level here. I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
COALINDIA Three White SoldiersOn daily chart the classic Three White Soldiers pattern is formed near the support zone. Three White Soldiers is a bullish pattern.
Entry
We can go long on next candle
Target
Target will be the next resistance zone.
Stoploss
We can keep the stoploss below the support zone.
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Long position opportunity in coal indiathere is looks good opportunity in coal india as its double bottom pattern making.
its strong support at 215 so need to wait for making green candle for reverse trend and take entry.
even coal india analytics says it has made good profit in 2022 and after its dividend it was downtrend so now it will come up trend and chance to make good profit.
check you own base find entry / exit and do it.
thanks
cheers
COAL INDIA - 12.11.2022 - BAHAVAN CAPITAL - DIVIDEND STOCK - COAL INDIA after announcing 15 rs dividend.
Even after a good gap up on 11.11.2022
but the stock falling back is really stunning and shocking....
I am surprised bcoz on the Ex date or the Record date the stock will be under selling pressure
but surprisingly before any of these dates such strong selling pressure on a gap up day.
Even though FII Net Buying was 3958.23 Crores and DII Net Buying was 615.54 Crores...
That's why
Even though you cannot predict the Market Movement
Now you cannot even anticipate the Market Movement
Rather only accept the market Movement
Happy Profitable Trading to all....
COAL INDIA - 08.11.2022 - BAHAVAN CAPITAL - DIVIDEND STOCKCoal India Announced 1st Interim Dividend for the financial year 2022-23 Rs. 15.00/- per share of the face value of Rs 10/- as recommended by the Audit Committee of CIL at its meeting held on date.
Company has fixed Wednesday, 16th Nov’ 2022 as the “Record Date” .
Stock is expected to move uptrend due to dividend announcement.
Above 254 Target 258 / 262 / 266 / 270
Happy Profitable Trading to all...
Coal India emerges out of a base...As the stock emergers out of the consolidation base, the levels of 244-250 are important and can be buy zones.
If it sustains the upward momentum, expect an initial target of 270 and a secondary target of 290, with stop loss at around 230 levels.
Relative strength displays an upward bias at the moment and the stock is trading above 50 DMA.
Note: Consult your investment advisor. Not a buy/sell recommendation.
Also read my previous analysis of Coal India here:
Coal India - An out of the box patternI have noticed a pattern of deviation below the 200MA followed by a 100% recovery. This has worked about all 4 times this year. I am betting on it to reoccur.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Long on COAL INDIA (CMP - 230)Coal India (CIL) has reported another quarter of excellent earnings in Q1FY23. Revenue increased 38.8% YoY to Rs351bn, supported by 10.6% YoY. Expected revenue growth of 25.01% for next year is more than last 3 year CAGR revenue growth of 2.53%. This stock offers good dividend returns and has been generating better return on equity than bank FD. The current price is less than it's intrinsic value. It is good time to consider, as stock is not in overbought zone.
I believe Coal India Ltd will continue to perform well as factors which were at play in the past two quarters will continue – high thermal power demand, high international coal prices and subsequent increase in demand for domestic coal, leading to higher e-auction premiums. So, one can add to there portfolio for long term. The stock has completed its rounding bottom structure and one can consider the levels mentioned in the chart.