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COAL INDIA LTDCOAL INDIA LTDCOAL INDIA LTD

COAL INDIA LTD

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COALINDIA trade ideas

When both the bullish patterns reversed after decent gainsWe are told that technical analysis and chart patterns are 99% accurate, but here we are going to see the 1% deviation from expectation. 1st, there is a reverse head and shoulder formation, at the breakout from the right shoulder, there is a volume spike along with a price rally. The profit target is 23 points ( from the head till the neckline). The rally stays only till 156, just 12 points up. From there, its a bear candle and the price rally down to all the way below the low of the 'inverse head'. On a two day swing position, this would have been a good recommendation, but the bear rally would have wiped out all profits. 2nd, immediately after the head and shoulder, it is followed by a rally which eventually rises, forming a 'Cup' and a downward trend as a small consolidation. Price breaks out at 145 and sustains only till 165 and then falls to the level of the initial breakout at 145. Thus, 145 can test for a good support level. The only worry is that though both of the bullish patterns have given swing gains, both of them failed to last and broke out of the bull rally. Over the last 4 days, the stock is in a side wards consolidation.
NSE:COALINDIA
by Robert_Oppenheimer
2
COALINDIA: On a Bearish trend " TECHNICAL ANALYSIS OF NSE:COALINDIA The LAST CLOSE PRICE of NSE:COALINDIA is 148.75 . The PARABOLIC SAR is showing the DOWNWARD SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.786 at the FIBONACCI STOCK PRICE LEVEL of 148.75. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 154.55 with RESISTANCE 1 and RESISTANCE 2 at 144.25 and 138.3 respectively. The Key 50% FIBONACCI LEVEL stands at 154.55 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not. The STOC RSI has the values K and D as 8.67 and 8.78 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 0.7 and 46.27 at 2.16 along with HISTOGRAM showing values of -1.46, the STATUS is clearly DOWNWARDS. The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -1.35 and -1.22 with UPTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.7558 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE. No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 7.22 which signifies its Price Level to be VERY CHEAP. >>> RECOMMENDATION is : SELL." Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:COALINDIAShort
by finogent
[Intraday] Coal India Buy IdeaIts at support. But the support is weak. I am rooting for the sell to trigger but if the PDH is triggered it is a good intraday buy. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:COALINDIALong
by Amit_Ghosh