The cycle of COAL INDIA has changed. A big bull run is waiting for coal india . The price is near the previous resistance , so a huge buying pressure may step in anytime... This is a Dividend yield stock too , so this stock could be a great investment
From the chart, it is evident that the stock took support at previous resistance of 164. After taking support at the mentioned level, it has completed retest and is moving back up. I am bullish on the stock for the next few weeks as it can give a great upside movement.
Coal India
Cmp - 155
Stop - Nil, Add more on relevant dips
Expectation -
T1 -200
T2 - Open, Review at 200
Expected Holding Period - 3 months or earlier for T1
Technicals - ✅, right
Fundamentals - ✅, will follow price
View:- Swing/Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial...
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.
The stock is currently taking support from a trendline and has also formed a double bottom pattern on the trendline, go long after a successful breakout of the EMA 200 (15 min time frame) . Let the price break the upper zone (i.e purple line) and let it retest from the zone , if you see a good green candle you can go long . Note : Place a logical stop-loss...
There are three possibilities in this stock
if falling price takes support from any of the areas mentioned on chart,
then each area has different targets, which are mentioned on chart on higher side.
yes it will turn positive in near by time because wave is still suggesting same.
Disclaimer
i am not sebi registered...
The five wave structure suggests stock is rising in an impulsive manner. As of now stock is in its third wave . One should go long on current levels with stop loss of 165 & look for the targets of 200 and 245 zone.
COALINDIA 15 min time frame analysis
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
Coal India stock price has shown a nice rise of 6.39% today with good volumes. The price was trading in a falling channel, the price broke above the ABCD pattern's resistance level. This is a break-out level.
The price is currently at a rejection point from where the massive fall in price had occurred in the past. It is important for the price to sustain above...
COALINDIA 15 min time frame Analysis
Take trade as per the movement of the stock.
Follow proper stop loss and target
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
Wait for breakout from the long term downward trend . Ascending channel pattern can be observed on the chart but we may experience difficulty to break the resistance expecting it will trade in the in ascending channel pattern only till it sustain above 180 once sustain above 180 level then it will be ready for good upside movement
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.
