Coalindiatechnicalanalysis
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.
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.
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