COAL INDIA LTD NSE:​COALINDIA

Price action has formed double bottom. In few days the trend direction will get confirmed once it takes or breaks the support.

COAL INDIA LOOKS GOOD LONG FOR A FEW DAYS AT 234 WITH STOP LOSS 228 FOR A TARGET OF 250++ FOR EDUCATIONAL AND STUDY PUPRPOSE ONLY

COALINDIA (Coal India Ltd) #SELL BELOW 240

Currently its in Middle of B wave , once it pulls back and reverse You can look for Brake of the Structure for Going Long and You can look to book near forecast levels

MOMENTUM TRADE IN COAL INDIA YESTERDAY OPEN INTEREST ABOVE 8.5 % TODAY'S OPEN INTEREST ADDED ANOTHER 5% AND ABOVE RISING OI+RISE IN PRICE+RISE ABOVE KEY SUPPLY/RESISTANCE LEVEL SIGNALS BULLISH MOMENTUM STOCK CONSTATLY REVERSING FROM 246.5 TO 250 LEVELS FINALLY BREAKS 252 BUY IN FUTURES DEC FUT BUY@252.5 STOP@247.5 TARGET@260 LOT:2200 QTY:1

long coalindia

BUY COALINDIA above 237.55 , target 239.35

Not keeping stop loss. Use your own risk management. If I hedge, I will update.

On Daily chart, after making a high of 271, Coal India pulled back from 233 to 252 at 50% Fibonacci retracement level and taking support at 38.2 level; at 248. It has formed a bearish engulfing candle on daily chart therefore possible for bearish downtrend to hit level of 23.6 % i.e. 242.9

COALINDIA #BUY ABOVE 253

Short with mentioned stop loss

sell if it breaks PDL with a SL at PDH its an inside bar but OI data shows a large number of change in OI of calls so it means people are bearish on it. so i will be avoiding short trade

Unless Nifty does not behave erratically I expect coal india to see a bullish move in coming days. Possible IHS in play too apart a good bullish setup. Pro tip If you like to study the charts then do analyse current Coal India trend on smaller TF.

Coal India it as at Strong Historical Support with Bullish Rsi divergence ,could b a gud buy above 240 within this week on positional basis with Sl 230

Coal India - Bullish AB=CD Resistance = 256.25 Support = 232.55

hi

Just buy it with stop loss. When it nears the prices mentioned as resistance and starts consolidating. Sell some call options to take theta benefit. It is a stable scrip and low beta.

Support 241, target 265, short term.