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COAL INDIA LTD

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COALINDIA trade ideas

Coal India. Buy the Dip?Stock: Coal India (COALINDIA) Current Price: ₹385.05 Technical Analysis: 1⃣ Descending Channel: The stock is trading within a descending channel, forming a base with a potential double-bottom pattern. 2⃣Structure: Lower Lows (LL) and Lower Highs (LH). The overall market structure remains weak. 3⃣200-DMA: Stock is trading below its 200-day moving average, indicating caution for bullish momentum. Trading Plan: Entry: Above ₹400.30 on a breakout candle backed by 3x-5x volume. Stop Loss (SL): ₹352.55 (closing basis). Target Levels: T1: ₹428.30 (7.00%, R:R 0.8:1) T2: ₹458.50 (14.55%, R:R 1.6:1) Positional T1: ₹517.20 (29.20%, R:R 3.7:1) Positional T2 (ATH): ₹544.30 (36.00%, R:R 4.7:1) Key Observations: Dividend Payout: Suitable for long-term investors accumulating during dips. Weakness Trigger: A weekly close below ₹360 could indicate further downside. Risky traders may short below this level. RSI: Needs improvement to signal bullish strength. Momentum Play: Not recommended for short-term traders. Wait for structural change above ₹400. What to Watch During Breakout? Volume Surge: Wide-range breakout candle backed by 3x-5x average volumes. Sustainability: Ensure a close above ₹400 to confirm a breakout. Disclaimer: This analysis is for educational purposes only. Always conduct your own analysis and consult a financial advisor before trading. Trade responsibly and manage risks.
NSE:COALINDIALong
by sagartharayil
COALINDIA - RANGE BREKDOWNRange and the target level all are marked in the chart. 380 is the ideal pattern target.. lets see how the price action unfolds. Since this is hourly chart, wait for hourly close below the range for confirmation.. There could be attempt of retest of the range low as well. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:COALINDIAShort
by Murthy_Santhosh
Accumulate - Coal India at 400Details: Asset: Coal India Limited (COALINDIA) Current Level: Near 52-week low at 400 Support Zone: Around 400 Potential Target: 540 Stop Loss: Below 400 or as per risk tolerance Timeframe: Medium to long-term Rationale: Coal India has witnessed a head & shoulder breakdown, pulling the stock to its 52-week low near 400. However, this zone appears to be a strong support level, providing an attractive accumulation opportunity for long-term investors. If the stock reverses from here, it could target 540 in the coming months. Market Analysis: Technical Setup: The 400 level has historically acted as a strong support zone, and a rebound from this level could signal the start of a recovery. Fundamental Perspective: As a key player in the coal and energy sector, Coal India remains fundamentally strong amidst rising power demand and infrastructure needs. Sentiment: The oversold condition at this support may attract buying interest, leading to a reversal. Price Target: Medium-term: 540 Risk Management: Set a stop loss slightly below 400 to minimize downside risk if support breaks. Timeframe: A move toward 540 is expected in the medium to long-term, depending on market sentiment and sectoral developments. Risk-Reward Ratio: Favorable setup for accumulation, with a defined support level at 400 and significant upside potential toward 540. Investors are advised to monitor price action near the 400 level, along with volume and broader market cues, to confirm the reversal before accumulating further.
NSE:COALINDIALong
by CyborgTradingHub
COAL INDIA - 1D TIMEFRAMENSE:COALINDIA has formed a triangle pattern in 1D timeframe but when we see in 1M timeframe it clearly shows uptrend. Hence in a lower timeframe it is good to go for a long position as it is always better to go with the trend. Now the chart could break the triangle and take a retest and move up or come down to the support zone and then go up. Only in these two conditions we'll be trading. Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:COALINDIA
NSE:COALINDIALong
by Joassh
4
Turning Bullish: COAL INDIACoal India has turned bullish recently. The stock is trading around key level of 506. Resistance levels: 521, 537 Support levels: 484, 459, 436, 408. You can enter for long-term partially. However, if 20 EMA (Black line) crosses above 50 EMA (Orange trend) along with good volume, we can confirm the bullish trend. Pros: The company is almost free of debt. The stock offers a commendable dividend yield of 5.03%. The company has an excellent return on equity (ROE) history. Three-Year Return on Equity: 52.8% The company has maintained a robust dividend distribution of 49.8%.
NSE:COALINDIALong
by shanmurali
Coal India showing a break down on the daily and weekly charts.Coal India has been trading in a parallel channel from Feb 2024 and the range has been broken and closing below it has been given on the daily and weekly basis. The stock is trading around a support zone of 480-485. It is trading around the 100 ema levels on the daily charts and closed below 20 ema on weekly charts. Entry in a bearish trade can be made once the market take a retest around the round number figure of 500 and forms a negative price action. Clear pattern break down is there in the stock. Positional/swing trades can be initiated once there is a retest and break down of the support zone. Entry :- Below 480 Targets :- 465 Stop Loss :- 490 (close on hourly charts) Wait for the price action near the levels before entering the trade.
NSE:COALINDIA
by TheMamboMomentum
COALINDIA Trade Analysis for Buy using Wyckoff method.Wyckoff Story Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias. Volume Analysis In Phase B we see increase in supply but the price is not able to go below the trading range, lot of effort to push the price down but fails, indicating effort vs result is not synced. Confirming the accumulation bias. We have supply decrease from Phase A to Phase C indicating supply is being absorbed. Sign of Strength we have Major sign of strength in phase D with good demand volume indicating institutions are present in buying. Final View Bullish on stock with entry marked on the chart
NSE:COALINDIALong
by ksujit08