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.
Coal india consolidated today in a descending triangle pattern of Hourly time frame.
Support levels :- 186.8, 188
Resistance levels:- 192,194.5
On smaller time frame it seems to be on a support. Wait for the levels to sustain and price action pattern.
Coal India Ltd - 11.02.2022
The stock is trading @ 166 levels
There is a STRONG RESISTANCE @ 167 levels
There is a SPINNING TOP in Daily Chart
The prices are above EMA
RSI is 56 in Weekly Chart
watch out for the price action
One can initiate a BUY Position @ current levels with Support @ 160.20
The Company will post their Q3FY22 results on 14.02.2022
NSE:COALINDIA
Observations:
1) On 1 day time frame, it face resistance from 21DMA and still trading below 200DMA.
21DMA is placed at 149.37 and 200DMA is placed at 150.81 level range.
Hence, 150-151 will me major resistance area.
And it is trading with immediate support trendline.
Please refer below chart : 1 day Time Frame. ...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
NSE:COALINDIA
Hope levels mentioned on the chart is easy to understand. It is for safe trade.
Do comment if you have doubt or suggestion.
My personal view is bullish on COALINDIA.
COALINDIA;-
1.this stock trying to long time primary resistance line trend break
2. ascending triangle pattern formed and not draw to inside inverted head and sholder pattern formed
3. waiit for ascending triangle pattern resistance break u can buy entry and expect target level
I have already given buy and sell levels for COALINDIA . Sell level did not come, but buy price was triggered . Our entry was 150. And we have gained more than 8%. Fresh entry can be made from the given level.
COALINDIA
Buy - Above 165
SL - 152.5
Target - 180 185 190
This is the call I shared few days before.
It is making inverse H&S in Weekly timeframe....
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...
![COALINDIA: Simple Trade Setup | COALINDIA | 30-12-2021 [INTRADAY]](https://s3.tradingview.com/m/ms8FOpBQ_mid.png "Simple Trade Setup | COALINDIA | 30-12-2021 [INTRADAY]")
