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Coal India - At junction againArea where the stock is trading right now is a supply zone in daily as well as weekly But as we can see it is trying to hold the area with VCP pattern not making any new highs or lows Current zone important between 376 - 384 Breaking of current trend line will decide the direction of the stock If it breaks upside it will struggle at the next resistance near 400 If it breaks downside, stock can travel downside up to 360 / 350 areas Chances of going downside are much higher than upside, but still with markets anything is possible DYOR before entering
NSE:COALINDIA
by Vishy5
Accumulate - Coal India at 400Details: Asset: Coal India Limited (COALINDIA) Current Level: Near 52-week low at 400 Support Zone: Around 400 Potential Target: 540 Stop Loss: Below 400 or as per risk tolerance Timeframe: Medium to long-term Rationale: Coal India has witnessed a head & shoulder breakdown, pulling the stock to its 52-week low near 400. However, this zone appears to be a strong support level, providing an attractive accumulation opportunity for long-term investors. If the stock reverses from here, it could target 540 in the coming months. Market Analysis: Technical Setup: The 400 level has historically acted as a strong support zone, and a rebound from this level could signal the start of a recovery. Fundamental Perspective: As a key player in the coal and energy sector, Coal India remains fundamentally strong amidst rising power demand and infrastructure needs. Sentiment: The oversold condition at this support may attract buying interest, leading to a reversal. Price Target: Medium-term: 540 Risk Management: Set a stop loss slightly below 400 to minimize downside risk if support breaks. Timeframe: A move toward 540 is expected in the medium to long-term, depending on market sentiment and sectoral developments. Risk-Reward Ratio: Favorable setup for accumulation, with a defined support level at 400 and significant upside potential toward 540. Investors are advised to monitor price action near the 400 level, along with volume and broader market cues, to confirm the reversal before accumulating further.
NSE:COALINDIALong
by CyborgTradingHub
Coal India showing a break down on the daily and weekly charts.Coal India has been trading in a parallel channel from Feb 2024 and the range has been broken and closing below it has been given on the daily and weekly basis. The stock is trading around a support zone of 480-485. It is trading around the 100 ema levels on the daily charts and closed below 20 ema on weekly charts. Entry in a bearish trade can be made once the market take a retest around the round number figure of 500 and forms a negative price action. Clear pattern break down is there in the stock. Positional/swing trades can be initiated once there is a retest and break down of the support zone. Entry :- Below 480 Targets :- 465 Stop Loss :- 490 (close on hourly charts) Wait for the price action near the levels before entering the trade.
NSE:COALINDIA
by TheMamboMomentum
Simple Trade Setup | COALINDIA | 30-12-2021 [INTRADAY]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. ------------------------------------- Trade Setup for Date: 30-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. Disclaimer: Posting this on request.
NSE:COALINDIA
by Trading_hawk
1
COAL INDIA - Taking good Support 🔴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 its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:COALINDIALong
by PrakWorld_Traders