1. If the head and shoulders heads completed and becomes valid, then look for that 254 as target .
2. But if it breaks through that minor resistance level , then look for the target of 264 -which is the major resistance .
happy trading...
TGT 303, SL 247 CLOSING BASIS, TF 2 MONTHS.
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
Trading is all about listening to the messages that market gives us by clues. The price is trading near the Dynamic support level and made a clear breakout. Even though we cannot consider it as clear sell signal as it has some other strong support of 100% of last down trend.Wave principle is extremely subjective and we have to keep all possibilities in mind during...
It is been observed on the daily chart that the price action is forming a bullish hidden RSI divergence where price action is forming lower lows where as RSI oscillator forming higher lows, indicating a trend change and bullish move ahead.
Target 1: 295
Target 2: 300
Stoploss: 280
It is been observed that the price action is been forming Lower Lows and Lower Highs on daily chart indicating a weak trend move towards downside. It shows strong weakness and it shall be confirmed once the price action closes below 320 levels on daily chart.
Target: 312
Stoploss: 332
Coal India Ltd. (325.40) :
Coal India is closed at 325.40 levels on Diwali Mahurat Trading Day. Its 52 weeks high/low at 349.95/271.65 were made on 17th August 2017 and 12th April 2016.
From 7-8 trading sessions, the stock has shown us good price action. The stock is also trading above all moving averages of Guppy Multiple...
Coal India Ltd. (325.40) :
Coal India is closed at 325.40 levels on Diwali Mahurat Trading Day. Its 52 weeks high/low at 349.95/271.65 were made on 17th August 2017 and 12th April 2016.
From 7-8 trading sessions, the stock has shown us good price action. The stock is also trading above all moving averages of Guppy Multiple...
The price action breaks out from a trending channel , indicating weakness and bearishness. It shall now reach to Fibs levels targets at 321, 313. Stoploss 336
In the above chart, I have marked two candlestick patterns, Dark Cloud Cover and Piercing Pattern and describe their fundamentals. It is been drafted for educational purpose.
Coal India Ltd. is a holding company, which engages in the production and sale of coal. Its products and services include coking coal, semi coking coal, non-coking coal, washed and beneficiated coal, middlings, rejects, coal fines and coke fines, tar, heavy oil, light oil, and soft pitch. The company was founded in June 14, 1973 and is headquartered in Kolkata, India.
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COALINDIA
