Key Levls for COALINDIA are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~190.60
Interim Resistance~193.40
Final Resistance~196
**Lower Levels**
Lower Breakout~182
Interim Support~179.80
Final Support~177.70
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In Coal India, we may possibly see a strong downfall from this level so if the triangle is broken down then increase the lot of your short position.
Trail the Stop Loss to 192 so as to protect our profits
Happy Trading .....
This one is not dropping in aggressive manner , i am still considering this has one more move up left in it
One can buy based on reversal candle on daily ( for safe entry ) and look to book near forecast
In the Weekly TF, last week, we see rejection of Monthly resistance with a nice candle and a red candle is in the making which is also rejecting the same zone.
In the Daily TF, whenever the price has arrived at the monthly level, it smashes down with red engulfings. Also, the short term TL is broken on 8th Nov. So,...
Dark cloud cover candlestick pattern is formed at major resistance zone.
Can provide good shorting opportunities.
Sell below 210 (Intraday)
SL = 211.20
TP1 = 207.30
TP2 = 206.50
Weekly time frame is showing a C Clamp while Daily time frame has given a breakout yesterday. It could test the next resistance near 225. View negates below 205
Bullishness of yesterday's candle that passed above the prior highs around 211-214 is immediately seen being negated. A Close around day's low today could result in a steep fall in the stock.
COAL INDIA: Coal India registered a Kumo Breakout in today’s session. The KS is pointing up and future cloud is positive. CS is free, these are early indication of trend change. RSI bouncing from the 60 levels further pumps up the analysis. However the entries can be refined at 202 – 203 levels, the next resistance levels are placed around 224. Below 198 the...
Coal India Limited (CIL) is an India-based holding company. The Company is a coal mining company, which is engaged in the production and sale of coal. The Company offers products, including Coking Coal, Semi Coking Coal, Non-Coking Coal, Washed and Beneficiated Coal, Middlings, Rejects, Coal Fines/Coke Fines, and Tar/Heavy Oil/Light Oil/Soft Pitch. Its Middlings are used in power generation, brick manufacturing units and cement plants. The Washed and Beneficiated Coal products are used in the manufacturing of hard coke for steel making and power generation. Its Semi Coking Coal products are used as blend-able coal in steel making, merchant coke manufacturing and other metallurgical industries. Its Non-Coking Coal products are used for cement, fertilizer, glass, ceramic, paper, chemical and brick manufacturing, and for other heating purposes. CIL operates through approximately 82 mining areas spread over eight provincial states of India.
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COALINDIA
