Note: This is for educational purpose only. Please do not trade in F&O based on this. There seems to be a bullish engulfing at resistance turned support. This seems like a pullback as the volumes reduced while price came down to support. Moreover, RSI is at 66 which indicates bullish momentum. SL: ₹140.
After a big run over 12 percent coal India dropped by 4 percent in a single day. Traders are still bullish on this trade due to the good news. Technical analysis say otherwise. An evening star is formed- An evening star is a sign of reversal towards the bearish side. In my view - Coal India will go down ↘ or consolidate for a while between 150 and 140. It...
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...
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...
Levels mentioned in the chart...Good for long term holders to Accumulate at these support levels ~for educational purpose~
Coal India continue create the "Red Candles" last 11 session. Buy @ 145 Trgt @ 160, 170 & Buy "CoalIndia 155 Call Options" this month expiry
Hey Traders, Here is an analysis of Coal India which could be our positional or intraday buy as per your comfort. Expected target mentioned. Put Sl as per you risk management. Guys, Do Guide me if there's any thing that could be improved, and Keep supporting.
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.
COALINIDA was forming a H&S pattern since Mid-May and finally the neck line has been broken with huge volumes. I am bullish on this script.
Coalindia given bullish breakout inverted head n shoulder pattern support 134.65 key levels are 161, 166.35, 174.60, 190, 201.15. Disclaimer i am not sebi registered analyst my studies are for educational purpose only consult your financial advisor before trading or investing
ENTRY -160 OR ENTER AFTER RESTEST EXIT - 175 BROKE RESISTANCE WITH HUGE VOLUMES.
Catch CD trend then one correction expected then after correction again buy near B point .
It appears strong both in the short term as well as medium term. It could test 150 (short term) and above that 165/190. For short term the view negates below 137
Please hit like if you like the analysis. Trade Checklist : 1. Possible head & shoulder pattern 2. Possible retest zone 3. Respecting key zone 4. Entry only after the last resistance zone is broken Feel free to ask any questions if you have & happy investing.