Coalindianalysis
COALINDIA EDGING TO BREAKOUT FROM RESISTANCE.COALINDIA has been running up for the past couple of trading sessions and has inched very close to the resistance trendline. Breakout on upside possible if the price sustains over 137.
If the price does not sustain, we will see profit booking and reversal.
COALINDIATechnical - Should reach, the pattern top.
if breaks the pattern top, then target 160.
Positives -
CIL floats tenders for 35 mining projects identified for mechanised coal transportation.
Coalindia LongI hope you can now see how Coalindia represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Can COALINDIA Glow from current Levels?COALINDIA has formed a Morning star pattern near its all-time low price levels. The volume is also expanded for the day, which is implying a bullish move from current levels. However, it might test the low of the previous major swing which is at around 120 levels. If it breaks that level, a good up move is implied. Else, it will be continuing its downward journey.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
COALINDIA LONGNSE:COALINDIA
BUY BETWEEN=112-114
SL=111
TARGET=118/120/123++++
--------------------------------
BUY 120CE 29OCT2K20 @
SL=2-2.45
TARGET=4/5/6++++
Coal India Looks very good for short Hello traders as per my analysis CoalIndia looks great for short selling as it has given the breakdown
from its pattern.
Coal India - Hammer at support with low RSINote: This is for educational purpose only.
There seems to be a bullish hammer pattern formation at support with low RSI.
COAL INDIAIt has turned from a Bullish Harmonic Butterfly and could now retrace till 128/131 as long as it holds above 122.
Butterfly Patterns are 5 pt Harmonic reversal/bounce set ups based on specific Fibonacci Ratios.
COALINDIA NEAR MAJOR SUPPORT RANGECoal india trading in the channel range and looks around downside support range.
All time low is 119.20
CMP @ 124.95
COALINDIA WEEKLY ANALYSIS
Trading in the Channel Range
Taking Support @120-118
cmp@124.95
BUY STRATEGY--
Buy Around 120-123
MAJOR SUPPORT @118
Stop Loss @113
TGT -- 135--140--155
1-1.5 MONTHS
COALINDIA is Making Descending Triangle Pattern (Breakout Trade)Coal India Limited : Coal Mining Company ( NSE:COALINDIA ) is Making Descending Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for intraday traders.
Target + Stop Loss: There is no target here. You keep the first target as much as the stoploss you put. And the stoploss will be the low/high of the candle that broke this pattern. Or low/high swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your stoploss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your stoploss above the last swing low/high.
Target and stoploss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, stoploss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
COAL INDIA ANALYSISTrade the triangle breakout. Go short if the price crosses the red line with target of 129 and SL - 132.50. Go long if the price crosses 132 with a target of 133.8 and SL - 130.9.
Coal India - Bear Flag patternNote: This is for educational purpose only.
There seems to be a formation of bear flag pattern on weekly chart. RSI below 40 which indicates bearish momentum.
COALINDIA AT A VERY GOOD RISK REWARD ZONE.A GOOD SHORT CAN BE INITIATED IF IT GIVES A CLOSING BELOW 138 WITH A SL OF 144 FOR TARGETS NEAR THE BOTTOM ZONE OF THE CHANNEL IN NEAR TERM.
