Would Test Patience!Stock is in downtrend for months now and currently in consolidation. Would definitely test investor's patience. Stay invested until it breaches lower trendline.
COALINDIA trade ideas
COAL INDIA LTDHi guys "Have good day "
: let look in this you can double top or bottom
: And in the weekly chart it in in downtrend or bearish from.
: buy = 135.25
target = 177
stop loss = 131.35
: don't be over confident , Be the good trader.
Coalindia daily demand zone trade setup Coalindia daily demand zone trade setup
Entry-137
Target-149
SL-131
Buy coal india, SL 143.40Price has bottomed out and taking support and reacting now. Also closing above 20 ema.. expecting breakout anytime soon
What will be next action in coal india ltd...Today we will do analysis on coal India ltd nifty 50's stock. What is going to happen at Monday's morning.. Now stock price is trading on 147.65 you can see in this chart pattern chart forms W pattern with two bottom with strong support so as per W pattern we can say at Monday R1 will be 148.55 after it buy for next resistance level R2 it will be 156.15 in next upcoming week... if stock price breaks strong S1 support then sell next support target it S2 141.50.... In this analysis we have high chance to trend will be bullish as per W chart pattern.....
Coal India on Thrust checkConfirmations
1. Break in Long term Trend with retest
2. Break in neckline of inverted H&S.
SL: Can be put below recent swing low, trailing it upwards
All view are personal and by no means constitute financial advice. Trade at your own risk.
CoalIndia- divergences in Price action and MACD lines.Divergences are caused when the price action deflects in different direction than the direction it should be moving in. Monthly charts are the best and one of the most reliable chart system to know the direction of the herd psychology. monthly charts shows that the price action is bearish while the MACD lines are saying the complete different story. Divergence doesn't allows means that there is going to be a reversal but there are other factors to that we have to consider while trading in any script. MA's (11 and 22) distance has already narrowed and about to cross which is going to confirm the big move before the sentiments changes for this script. You need to wait and have this script under your observation so you don't miss out on big move because this script has been in the bearish traps from past two years.
More details will be updated.
COALINDIAWait for the breakout and trade both side move will be very powerful
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Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Coal India Looks good again !COALINDIA : cmp : 146.65
A inverse H & S kind of pattern is forming in D chart.
TGT 157/165/177
Sl 137.6 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Previous all tgt achieved.
