there is looks good opportunity in coal india as its double bottom pattern making.
its strong support at 215 so need to wait for making green candle for reverse trend and take entry.
even coal india analytics says it has made good profit in 2022 and after its dividend it was downtrend so now it will come up trend and chance to make good profit.
check you own...
I have noticed a pattern of deviation below the 200MA followed by a 100% recovery. This has worked about all 4 times this year. I am betting on it to reoccur.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
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...
Coal India stock is on the verge of breaking out. Can take a long entry after the BO of the bullish candle. RSI above 60 levels on daily & weekly chart. All important levels are marked on the charts. This is for your educational purpose only.
As we can 👀 that coal India is very good👍 looking in 15m timeframe. We can add this in watchlist for 10-06-2022 intraday purpose. We can buy this when price cross 199.25 with the accurate target🎯 of 200,201.But if price crossdown 197.70 & show bearish mode on there we can sell this on 197.70 with the target of 196.70,195.Friends this is great opportunity for...
#NSE:COALINDIA bagged huge profits to our friends and marked further levels.
Levels marked for practice only.
Happy LEarning !!
Check the signature column under this chart for complete details.
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.
The 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.
Coal India (Daily):
1. Stock has formed a Double Top
2. Also there is RSI divergence
3. Today's candle closed below yesterday's low
4. Closed below 5 Days Exponential Moving Average
5. First Support 172.50 levels