#CoalIndia looking good in hourly charts to go long positionally for a target of 236 in near to short term. Market is volatile and hence its advised to take the trade through options using bull call ratio spread.
+1x 29AUG2019 220CE - ₹ 8.85
-2x 29AUG2019 250CE - ₹ 1.4
Max. Profit ₹ +52,690
Max. Loss ₹ -13,310
Breakeven 0-273.9
PayOff: bit.ly
NSE:COALINDIA
Coal India is in Downtrend. It took good support @ 228. I expect it will touch 243, 248. Breaking support line will be stoploss. And keep trailing stoploss 3% when stock goes up.
Think, Research and analyse before taking any decision.
COAL INDIA IS AT STRONG SUPPORT AT 229.
THE PRICE HAS TO GO UP TO 249 IN THE COMING DAYS.
LOOKING AT THE TRADED VOLUME OF NEARLY 92L WITH A DELIVERY OF 63% IS GOOD.
MAINTAIN STOP LOSS.
CoalIndia,watch this marked level and see price action at this important level then take Entry on that side.
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Bullish Deep Crab pattern on 4H Chart of COAL INDIA. BUY 240-241, SL 238.9, Target(s) - 244, 246.
Bullish Bat pattern on 4H Chart of COAL INDIA. BUY 233-234, SL 228.9, Target(s) - 238.5, 242. (To be on the safe side, this may not be an intraday trade. On the other hand, taking this buy call might be safer than the 240 buy since both are not that far away and we...
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
