Coalindialtd
Coal India - At junction againArea where the stock is trading right now is a supply zone in daily as well as weekly
But as we can see it is trying to hold the area with VCP pattern not making any new highs or lows
Current zone important between 376 - 384
Breaking of current trend line will decide the direction of the stock
If it breaks upside it will struggle at the next resistance near 400
If it breaks downside, stock can travel downside up to 360 / 350 areas
Chances of going downside are much higher than upside, but still with markets anything is possible
DYOR before entering
COAL INDIA - SWING TRADE ON LONG SIDESymbol - COALINDIA
COALINDIA is currently trading at 421
I'm seeing a trading opportunity on buy side.
Buying COALINDIA Futures at 421
I will add more long position at 412, if comes.
Holding with SL of 405
Targets I'm expecting are 440 - 452 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
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.




