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 consolidated today in a descending triangle pattern of Hourly time frame.
Support levels :- 186.8, 188
Resistance levels:- 192,194.5
On smaller time frame it seems to be on a support. Wait for the levels to sustain and price action pattern.
Coal 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
Coal 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
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***** 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...
Coal India has given a breakout, go long after is breaks the EMA 200 and retests it. Place a logical stop-loss below the EMA . On daily time frame after a fall it formed a Doji candle and then formed a bullish engulfing candle, which could be a possibility of new uptrend . Note : This analysis is only for educational purpose, these are not calls.
COAL INDIA breaks out a multiyear pattern. Please refer to the chart that i have published. I have given SL and Targets for ur reference. Trade safely. This is only my view. My views may turn wrong. If you have any doubts post your comments below. Thankyou.
Stock has already take support on support line and shown a standard green candle with a positive return. So retail traders can ride with us in this stock.
Above picture already mentioned about profit targets and stoploss
1.this stock trying to long time primary resistance line trend break
2. ascending triangle pattern formed and not draw to inside inverted head and sholder pattern formed
3. waiit for ascending triangle pattern resistance break u can buy entry and expect target level
Coal India – Accumulation Phase almost completed, Ready for a Bull Run.
Entry – CMP
Stop loss – 137.1
Target 1 – 288.5
Target 2 - 441
Duration - 4-5 years
Small resistance between 237.6 to 288.5
All numbers are *Weekly* based
Fundamentally, all numbers are too good, no issues at all and Co is cheaply valued too with 8% as Dividend Yield.