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COAL INDIA LTD

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COALINDIA trade ideas

COALINDIA - Head and Shoulders PatternThe stock has formed the classic head and shoulders pattern on a 2H timeframe, and is currently right at the neckline. Trade can be taken at current levels for targets of 152, 159 and 171 depending on your investment horizon. Short term traders can keep a stop loss at ~140 levels. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment section. Do show your love by pressing the like if you liked the idea.
NSE:COALINDIALong
by Yes2Profits
COAL INIDIA Coal India Ltd.gained +11.15 points to 185.70 and formed bullish candle on the daily charts as the closing was higher than opening levels and finally settled with moderate losses amid consolidation on September 29. Security is trading near important resistance and have given a good breakout from their daily resistance.The stock has now finally broken out from that 180 resistance with strong candle.Technically this pattern indicates long term bullish in the market. Consequently, it gives securities prices a bullish characterization and look for retest entry at recently broken resistance area. As long as the market sustains above 185, the market is expected to gain momentum, further pushing the price till 250 - 300 level, while on the downside the price is expected to support at 160.
NSE:COALINDIALong
by asifahmadkhan
COAL INDIA PRICE ACTION ANALYSISCoal India stock price has shown a nice rise of 6.39% today with good volumes. The price was trading in a falling channel, the price broke above the ABCD pattern's resistance level. This is a break-out level. The price is currently at a rejection point from where the massive fall in price had occurred in the past. It is important for the price to sustain above this level to continue the rally. The supply zone has been spotted on the chart, which might be a hurdle in the future. Better book profits from the supply zone. Happy trading :) This is just for educational purposes.
NSE:COALINDIALong
by Sanjan91
Coal India - Long Bet - Gas priceCoal India has broken its short term resistance and sustained over it on daily closing basis. The gas shortage in international market has led to China and few european countries commence operation of coal based power project. This has led to demand boost in international market and hence price of Coal. As such there is a shortage of coal from Indian coal mines operated by Coal India which is topped up by the fresh demand from Power plants (which are using imported coal and is in shortage). These projects will use blending as a method with reduced capacity operation since the loading of the units will be capped due to Ash handling capacity. Coal India is likely to rise further. It is a buy. The traditional resistances and supports are marked on the charts. Analysis for academic purpose only.
NSE:COALINDIA
by Darshan1971