Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
Forming Rounding Pattern , Almost ready to break the resistance , Volume is looking good MACD Line crossing Signal Line and above central line. Everything looks positive on the weekly chart. The stock can go till 300 levels from here.
Coal india 360 is best support here. wait for retest this level. After retesting should find bullish pattern and positive candle signal. Price can reach to 440.
Coal India's upward moment is possible if sustains above 385 good for swing and positional trades With Stop Loss at 379 or 377 for Targets of 388,392, and 400+ Note: If any trade or value has gone from the place we decided to enter then thats not our trade. Wait for it to come back or let it go I am not sebi registered this is my personal view
Excellent Charts. Big break out. if this closes above the 164-165 lvl. almost given the break out of cup and handle formation on daily charts. .. just a small hurdle @ 162 where is faced rejection last time. Safely sell 155 and 150 PE. Happy trading
Coal India forming Cup and Handle pattern on Higher time frame. Target is huge.
Coal India got listed in Nov'10 and attained an ATH of 447.10. Since then, it had been falling reaching a low of 109.55 in Oct'20. In the process, a falling wedge pattern got created and the scrip broke out of the wedge in Feb'22 rising approx 2.5x from its lows. A 26% rise in ongoing month of SEP'23 indicates institutional participation and...
Coal india is ready for another rally. break longtime curve resistance. 360 is good support. 442 is a Target for this move.
#Coalindia Breaking 4 years high and moving up strongly with #Momentum on #monthlychart. #BuyinParts. Good #BuyonDipsStocks. #DivindedStock
1. Multi Year Cup Pattern Breakout with good volume accumulation. 2. Good volume accumulation was done starting from the bottom of the cup formation 3. Good consolidation at the resistance level before breakout took place. 4. Ascending right angle triangle pattern breakout on daily chart.
An ascending triangle is a bullish chart pattern that typically forms during an uptrend and indicates a potential continuation of that trend. The pattern is characterized by a series of higher lows and a horizontal resistance line. The breakout from an ascending triangle occurs when the price breaks above the horizontal resistance line. Here are the key...
The chart is forming a 5 wave correction pattern which after completion might continue the trend to the upside. The moves can be traded with a tight stop after perfect setup for entry. (This is my view and my trade... Every risk is yours.)😆 Good Luck
-Strong fundamental stock. -Available at very cheap P/E of 8 only. -YOY 25% OPM -Whopping 70.5% ROCE. -60%dividend payout. Stock currently in consolidation phase with cup and handle formation. -Buy above 363 -Target 385 -Stop loss 347 Dip level buying was 238
Coal India intraday Or short term buy setup. Correction seems to be completed so the trend should continue and also stock is in many big players portfolio. Good luck. Trade with your instincts it's just an idea.
338.9 is a buying level. targets (resistance) mentioned in chart. thanks
Stock is trading above rounding bottom pattern neckline and ready for upward movement.
Coal India is looking good for a positional/swing trade. Buying above Rs 148.10, SL Rs 143.75, Target to be updated soon. Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
1. Coal India has formed Cup and Handle Pattern. 2. I am expecting a continuation of uptrend after a RETRACE. 3. Recent downfall, for me, was just like a "profit-booking" after the results. 4. SL, Entry and Target to be posted afterwards. Disclaimer: The views expressed in this article is of my own. You're solely responsible for any decision taken in the...