COAL INDIA: RETEST DONE AND READY TO BLAST?!!!From the chart, it is evident that the stock took support at previous resistance of 164. After taking support at the mentioned level, it has completed retest and is moving back up. I am bullish on the stock for the next few weeks as it can give a great upside movement.
Coalindiatechnicalanalysis
Coal India taking support from trend line.Go long after breakoutThe stock is currently taking support from a trendline and has also formed a double bottom pattern on the trendline, go long after a successful breakout of the EMA 200 (15 min time frame) . Let the price break the upper zone (i.e purple line) and let it retest from the zone , if you see a good green candle you can go long . Note : Place a logical stop-loss (Suggested : Below the zone).
Coal India Wait for breakout from the long term downward trend . Ascending channel pattern can be observed on the chart but we may experience difficulty to break the resistance expecting it will trade in the in ascending channel pattern only till it sustain above 180 once sustain above 180 level then it will be ready for good upside movement
COALINDIA Trend Analysis 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
COALINDIA - Huge Upside PotentialI 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.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Coal India - Bullish SignalCoal India had given a very good bullish signal and a breakout from the Cup and handle chart pattern
The Stop Loss for any conservative trader is 150
The Target is 187
After reaching our target, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** Its just for an educational purpose and so you must also follow your own technical analysis too ******
Coal India – Accumulation Phase almost completed, Ready for RUNCoal India – Accumulation Phase almost completed, Ready for a Bull Run.
Entry – CMP
Stop loss – 137.1
Target 1 – 288.5
Target 2 - 441
Duration - 4-5 years
Small resistance between 237.6 to 288.5
All numbers are *Weekly* based
Fundamentally, all numbers are too good, no issues at all and Co is cheaply valued too with 8% as Dividend Yield.
Technically, Accumulation has happened in last 10 months and Weekly breakout level can be above 155.5, Sustaining above this Level can give a good Run UP.
As per below Calculation, Public Holding in Coal India is around 5.45% and more or less Accumulation Phase of this stock is almost completed.
Around 959crs more will be required and there will be shortage of Coal India Stocks in market
Monthly avg volume : 336 (in mill)
Average Price last few months : 127 (rs)
months of Accumulation : 10
Value of Accumulation : 426720 (1*2*3)
converted millions to crs : 42672
Average Delivery % : 20%
Deliverable Qty : 8534.4 (5*6)
Market Cap on 11-05-2021 : 95,888
Deliverable Qty % : 8.90% (44415)
Assuming 50% of Deliverable Qty is Sold again : 4.45%
Public holding : 5.45%
Pending for Accumulation : -1.00% (`10-11)
Value Pending for Accumulation in CRs Rs : -959 (`12*8)
Last 2 days volume is worth 1720 crs so accumulation of 959crs worth of shares should not be a difficult task
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Coal India - Positional view | Inverse Head & Shoulders Key Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Long period of downtrend & accumulation
4. Trendline breakout & retest done
5. Forming Inverse Head & Shoulders
6. Successful retest of the neckline
7. Support zone: 140-146
8. Target: 162, 183, 213, 241, 271. Stop Loss: 135
9. Time frame: 9-12 months
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Coal India - Cup & Handle pattern + Volume expansionKey Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Forming Cup & Handle on Daily
4. Forming Inverse Head & Shoulders on Weekly
5. Approaching major resistance zone 155-160
6. Flipped the 145 zone into support
7. Close above 160 will trigger a rally to 180
8. Target: 170, 179, 188. Stop Loss: 144
I have made an illustration on the left-hand side, to explain the Cup & Handle pattern.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
COALINDIA Analysis- Buy And Sell LevelsHere is just an update for coalindia . Both buy and sell levels are given. Follow Chart. Earlier I gave only sell levels.
In Buy side we are just trying to take early entry on the basis of ripple.In weekly time frame it is strong and if it crosses 165 it will go to 190.
So, Build your positions accordingly.
See the below chart shared earlier. Both buy and sell levels are valid. Use alerts for entry.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
Do follow us
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Also check the below related ideas for other stocks.
COALINDIA - Bullish Engulfing at resistance turned to supportNote: 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.
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.