Coal India Ltd.Coal India Ltd.Coal India Ltd.

Coal India Ltd.

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COALINDIA is trading near to support zone, market also giving bullish move,, this should follow same trend. go long in coal with mention stop loss and target on chart.
Snapshot


COALINDIA is looking good on chart, it has taken support at lower band of the bearish channel a neautral bullish momentum we can see towards 400+ in next few days
Snapshot

COALINDIA : Swing trading Coal India shares, here are some potential entry, exit, and stop-loss (SL) levels based on recent price action and technical analysis. Swing trading involves holding positions for a few days to weeks to capture short-term price movements. The suggestions below are derived from available data as of March 18, 2025, when the stock closed at ₹389.10, with a high of ₹393 and a low of ₹386.30. Please note that these are indicative levels, and you should complement them with your own research and risk tolerance.

Entry Point
Around ₹390:
The current price is ₹389.10, so entering near ₹390 is feasible if the stock shows strength by holding above its recent low. This level is close to the current market price and aligns with a potential uptrend.
Alternative: Wait for a breakout above ₹393.
A move above the recent high of ₹393, preferably with strong volume, could confirm bullish momentum, making it a safer entry for swing traders targeting a larger move.
Stop-Loss (SL) Level
₹385:
Setting a stop-loss just below the recent low of ₹386.30, at ₹385, helps limit losses if the trade moves against you. From an entry at ₹390, this represents a risk of ₹5 (approximately 1.28%), which is reasonable for swing trading.
Alternative: ₹370.
Some analysts suggest a wider stop-loss at ₹370, but this increases the risk to ₹20 from a ₹390 entry (about 5.1%). This might be better suited for longer-term trades rather than swing trading.
Exit (Target) Point
₹415:
A target of ₹415 offers a potential gain of ₹25 from a ₹390 entry (about 6.4%). This level has been suggested by recent analyst insights and provides a solid risk-reward ratio when paired with a ₹385 stop-loss.
Risk-Reward Ratio:
Entry at ₹390, SL at ₹385 = ₹5 risk.
Target at ₹415 = ₹25 reward.
Ratio = 1:5, which is excellent for swing trading (typically aim for at least 1:2).
Alternative:
If the stock shows strong momentum after breaking ₹393, consider higher targets like ₹428, or use a trailing stop to ride the trend further.
Suggested Swing Trading Plan
Entry: Buy around ₹390 (or above ₹393 on a breakout).
Stop-Loss: Set at ₹385 (just below the recent low).
Target: Aim for ₹415.
This plan offers a structured approach with a risk of ₹5 and a potential reward of ₹25, yielding a 1:5 risk-reward ratio.