Coalindianalysis
Coal India - Change in MS. Seems Bullish! Things to Note:
1. Price is moving out of a long term downtrend
2. Change in MS - Printing HH & HL
3. Price in correcting after the first impulsive move
4. Nearest support zone lies at 127-129
5. Possible targets: 140, 145
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Coal India - Quality Stock at Very Attractive Price. Coal India:
Currently, it is mildly bearish.
It is a quality NIFTY50 stock and currently trading at very discounted and attractive price.
I see, it will retrace soon and reach the targets in 1-3 months time.
Good for short term and for long term investment.
**Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock.
COAL INDIA - INVERSE HEAD & SHOULDER
Formation of Inverse Head & Shoulder pattern Breakout on the daily and weekly chart.
Breakout above the neckline and downtrend line with high volume.
Potential long target of 25-30 points.
Use a fixed stop loss.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
COAL INDIA LTD, Daily ChartCOAL INDIA LTD. Daily Chart.
Has given Breakout of Both Cup-N-Handle Pattern & Head n Shoulder Pattern at Same Time,
LOOKS Good to BUY at CMP or in Dips if you get Chance, with StopLoss of 134 Closing Basis.
For Targets of 152.80, 165, & then 180.
CUP N HANDLE BREAKOUT
HEAD & SHOULDER BREAKOUT
ZOOMED IN BREAKOUT
OVER-ALL TOP VIEW
DISCLAIMER :
I AM NOT SEBI REGISTERED ANALYST.
THESE STUDIES EDUCATIONAL PURPOSE ONLY.
CONSULT YOUR FINANCIAL ADVISOR BEFORE TRADING OR INVESTING.
📊 #Coalind #Coal India 🎯NSE:COALINDIA
whoever holding from lower levels just hold it tight if find breakout. fresh breakout above resistance only. and if find reversal as resistance one can short as well.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.