COALINDIA triangle breakout and breaks the major supply zone with a very good bullishness so we can go for LONG (BUY)...stop loss below the breakout candle
cup and handle pattern is forming on coal india weekly time frame above the neckline of the cup there will be a bullish momentum but just above of the neckline there is a tussel area between bulls and bears where price has struggled in the past and fall back from there hence one should enter if the price sustain above the tussel zone after breaking that area and...
Coal India Weekly chart.. i am bullish if the weekly candle closes above 209, can see huge move 400+ if closes above 209.
Its a TLBO in weekly, Inverted Head n sholder in weekly also 200 ema support on daily. It need to cross the previous resistance zone to get ready for big move..
Coal India is giving us very nice short setup for next month. You can wait for a daily or 4h candle to close red then find the entry. overall whole move is corrective wrt to previous waves. trade with proper risk management.
Chart -> Coal India Daily
Coal India has given a Symmetrical Triangle breakout in the daily time frame.
CMP: 198
Targets: 210, 220, 230
SL: Daily close below 190
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
NSE:COALINDIA
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Coal India Ltd Head & shoulder pattern try to break price engagement. If it break the price engagement, It will reach all time high. Other wise it move sideways below 200.
Kindly refer the Chart, See the orange trendline, it is clear breakout of descending triangle
So Target 1 is 201
Target 2 : 205
Target 3 : 207
This is my first post in TV. If you like the analysis kindly share with your friends
This is only my view, it is not trading recommendation. So I am not responsible for any profit or loss made using this idea
BR
Ur All...
the stock is in momentum and once it breaks the resistance of 201 the near targets are shown on shart. The RSi is above 60 and results of last 2 quarters are positive. So a long position may be initiated.
Hello Guys , Today I Have The Technical Chart of Coal India it has made the Inverse head and shoulders a few days ago but now I think it can go to the Targets shown as it has came to the Neckline to Break and go on a Bull Trend and now lets talk about the target . So its target could be 211 . BTW It is Based on your Risk To trade on it or not and Don't Forget to...
