Coal India: Target 260 after breaking cup and handleRefer the chart for the details
1. Coal India is breaking cup and handle pattern.
2. This was long cup of 2 years duration.
3. Target is 260 which is very conservative.
Disclaimer: This is only for education purpose and it is not a buy recommendation.
COALINDIA
A nice retest in Coal India.Coal India is trading just near it 20 ema on a daily time frame.
The stock has given a break down of a trend line and has retested it.
The volume analysis are also supporting the break down.
Support :- 182.5, 172
Resistance :- 192, 197
If the price crosses below the level of 184 the entry can be made.
Wait for the price action near the levels.
Coal India Ltd (COALINDIA): Attractive setup for an upward moveThe stock price is setting up nicely in this price zone.
Should give an upward momentum once it closes above 204.
Short term target of 218 and 231.
Always keep a stop loss as per your risk management.
Note: Not a buy/sell recommendation, please consult your financial advisor.
YR 2022 Idea #24: Long on COALINDIAThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
COAL INDIAToday COAL India created Spinning top candle, which show the indecision in markets, if price broke above today's high we will be looking for buy at retest or respective demand zone, if price brokes below today's low then we can expect Sells until it fill the Gaps. Look for Lower time frame break of structures before taking any trades
#StockMarket #StockIdeas #StocktoWatch #StockToSell #ShortsetupCOAL India
Stock at a recent high on the weekly chart will correct before further upside moves.
So Short Call if 177 level breaks with SL of 182-185 levels
Can be look for Intraday with 5min Chart for SL levels
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Buy - Coal India - Target 180 - Trend Channel BreakoutScript : Coal India
Setup : Trend Channel Breakout and Trending up
Target 1 - 180
Time Period - 3 months
This is an investment idea and positional call for 2-3 months.
Coal India is currently trading at comfortable valuations
PE - 7.14
Price to Book - 2.45
MCAP to Sales - 1x
Note: I am not a SEBI registered Analyst, so please trade and invest based on your knowledge and risk profile.
Coal India Ltd - 11.02.2022Coal India Ltd - 11.02.2022
The stock is trading @ 166 levels
There is a STRONG RESISTANCE @ 167 levels
There is a SPINNING TOP in Daily Chart
The prices are above EMA
RSI is 56 in Weekly Chart
watch out for the price action
One can initiate a BUY Position @ current levels with Support @ 160.20
The Company will post their Q3FY22 results on 14.02.2022
YR 2022 Idea #10: Long on COALINDIAThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.