Hi 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...
On 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.
Please like and follow me.
there 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...
Coal India is formed head and shoulder pattern we will watch this stock if successfully breakout we can take this intraday trade but breakout and retest is important you can add your watchlist if not breakout avoid this stock
Do your own research
1:4 ratio
It gives Structure breakout of HH LL.
Firstly we have identitied the trend after that we have Mark the trendline and structure breaks so that we have go for long side
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...
Coal 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 /...
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...
