Leading coal productive firm Coal india is looking good at this point.
We do see an channel breakout in coal india in recent past weeks,Now the breakout has given the confirmation and coal india is looking good from here.
CMP : 448
TARGET 462 / 475
Cup and Handle Pattern, Breakout Entry Days candle should close above 191
Holding Period: Long Term
Entry Above: 191
Stop Loss: 139
Target 1: 238.50
Target 2: 278.50
hi guys ,
please see 1 hr chart , if there is breaking 170 then easily target 184 achieved .
buy - above 170
target - 184
Sl - 165
are u agree with this , what u think ?
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
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.
Coal 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,...
