(ignoring the US election day candle) Will add at 300 level . Already have this in my portfolio from 275 levels , will add more
CoalIndia is giving a short breakout below 311.90 for the downside levels 308.40/305.40 if do not break the level 314.90 on upside
It is been observed that the price action is been forming Lower Lows and Lower Highs on daily chart indicating a weak trend move towards downside. It shows strong weakness and it shall be confirmed once the price action closes below 320 levels on daily chart. Target: 312 Stoploss: 332
Coal India is trading in range since last 3 months, between 309.86-335.66, it is again approaching target 335.60, trader may go long in Coal India up to 335.66 and wait for breakout, if breaks it may further go upward with a target of 350.0 or reverses touching 335.66.
Coal India Ltd. (325.40) : Coal India is closed at 325.40 levels on Diwali Mahurat Trading Day. Its 52 weeks high/low at 349.95/271.65 were made on 17th August 2017 and 12th April 2016. From 7-8 trading sessions, the stock has shown us good price action. The stock is also trading above all moving averages of Guppy Multiple Moving Average (GMMA) theory....
Coal India Ltd. (325.40) : Coal India is closed at 325.40 levels on Diwali Mahurat Trading Day. Its 52 weeks high/low at 349.95/271.65 were made on 17th August 2017 and 12th April 2016. From 7-8 trading sessions, the stock has shown us good price action. The stock is also trading above all moving averages of Guppy Multiple Moving Average (GMMA) theory. One...
Nice support 50 retracement, as per ABCD it should move around 390 zone It happens to be 61.8 retracement level on weekly chart. Target 350/380 SL - 310
CoalIndia giving KUMO breakout for 314 tgt
COALINDIA NOW LOOKING GOOD FROM HERE MAY GOOD UPSIDE TILL 330-350 IN NEXT 10-15 DAYS.... FROM HERE BTST AT 322 SL 315 TARGET OPEN
Weekly Chart My Side Show Selling.... Remember In Prayer
Possible downside till 290 completed head and shoulders pattern
Coal india has formed a falling wedge on 1 hr chart. above 330 340 shld come
The price action breaks out from a trending channel , indicating weakness and bearishness. It shall now reach to Fibs levels targets at 321, 313. Stoploss 336
Enter short positions in CoalIndia , only if there is valid bearish confirmation around 331 zone After Target-1, you can either trial stops or reverse the trade bcos of Bullish Gartley If coalIndia shoots up in resistance zone, dont enter short positions.
In the above chart, I have marked two candlestick patterns, Dark Cloud Cover and Piercing Pattern and describe their fundamentals. It is been drafted for educational purpose.
BUY COALINDIA @ 333 TARGET : 385 STOPLOSS : 318