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Coalindiabuy

Coal India showing a break down on the daily and weekly charts.Coal India has been trading in a parallel channel from Feb 2024 and the range has been broken and closing below it has been given on the daily and weekly basis. The stock is trading around a support zone of 480-485. It is trading around the 100 ema levels on the daily charts and closed below 20 ema on weekly charts. Entry in a bearish trade can be made once the market take a retest around the round number figure of 500 and forms a negative price action. Clear pattern break down is there in the stock. Positional/swing trades can be initiated once there is a retest and break down of the support zone. Entry :- Below 480 Targets :- 465 Stop Loss :- 490 (close on hourly charts) Wait for the price action near the levels before entering the trade.
NSE:COALINDIA
by Mambotrade
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.
NSE:COALINDIALong
by mayurmalgear
COAL INDIA CUP & HANDLE PATTERN ON Weekly Chartcup 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 one more important thing to remember around 230 price level there is a previous support area which will now react like a resistance one should for safer side let the price to come for that level and then retrace and sustain above the tussel zone where the entry point is mentioned otherwise that could be a trap move Entry Point and Stop is mentioned on the chart
NSE:COALINDIALong
by stocfin2102
4
BUY COAL INDIA ABOVE 168Coal india has taken a good bounce from it's 200 ma Breaking above the wedge shaped pattern resistance. MACD is above signal line. RSI looks good. Good volume buildup. was in the top gainers today so definitly has spiked interest. BUY ABOVE - 168 Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding. Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
NSE:COALINDIALong
by this_is_shoaib
1
COAL INDIA - Taking good Support 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:COALINDIALong
by PrakWorld_Traders