COALINDIA trade ideas
COAL INDIA LONGA cup formation can be seen on the daily charts of Coal India. A handle formation is expected. A short term profit trade can be taken, expecting that formation of the handle will benefit us. (OPEN THE CHART FOR DETAILED VIEW)
RSI shows positive growth with momentum
MACD showed a bearish crossover recently, but current momentum shows that we may see a bullish crossover soon
LEVELS
Entry: CMP (149)
Target: 155 (One small target as there is no breakout or any pattern formation here. Just a handle formation will benefit us. Breakout after cup and handle formation is another idea)
STOP LOSS: 146
Risk-reward ratio PERFECT
Positive point: Coal India is expected to declare its earnings tomorrow. Hence, a BIG MOVE can be seen anytime soon!!
I would recommend going long on COAL INDIA for a very short time (4-5 days) as this is just a quick profit trade with just a handle formation.
Thanks
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COAL INDIA TARGET ACHIEVED!!!!Suggested a long trade on COAL INDIA on JUNE 2, 2021 with entry point at 149 and target at 155. (PLEASE FIND THE IDEA OF COAL INDIA ON MY PROFILE TO KNOW THE LOGIC BEHIND THIS SMALL TRADE!!)
Today, COAL INDIA crossed our target easily and touched 158 in just 5 days!!!!
Target completed in just 5 days!!
6.1% RETURN IN JUST 5 DAYS!!!!!
FOLLOW FOR MORE AMAZING IDEAS!!
COAL INDIA GO LONGCOAL INDIA BROKEN RESISTANCE NOW
GO LONG ABV 153.50 OR RETESTING OF BROKEN RESISTANCE OR THE TARGET OF 157.20 160.40, 165
Coal india Completed falling wadge pattern on monthly chart and likely to brake out supported with good volume
Coal India 153 - BullishCoal India 153 - Bullish. Coal India has given a CUP and HANDLE pattern. As Metal Index are bullish with support 148 we expect target of 190.
Coal India: Long Call IdeaDescending Triangle Pattern has been formed & volume has supported as well.
Moreover, stock has given breakout from its resistance zone of 148 - 150.
Considering above facts, buy between 153 - 155
TGT: 180
SL: 144
RR: 1:3
Disclaimer:
This idea is presented just for educational purpose only. You will be solely responsible for your own money & decisions you take.
Coal India: Short term to Mid term bullishAll indicator are positive in daily chart Price above Ichimoku cloud, Conversion line, and lagging span also above the cloud. CMP above all moving averages. Daily MACD cut on positive side, Weekly MACD cut finished buy not yet price shoot up. Upcoming weeks may expect the upward side. These parameters may help to reach the targets. In monthly chart, indicators are loosing the strength on bearish side and slowly turning to positive side.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.
COAL INDIA SEEMS LIKE BREAKOUT PERFECT FOR SWINGCOALINDIA is trading near strong weekly resistance levels. Attempting to break out if suceed Can give good up move . Also forming an complex head and soulder pattern . Keep a watch on this one TARGET - 209 , SL -139
COAL INDIACup and handle pattern formation. Look for buying opportunities once it crosses 155 levels with good volumes. Target 1 - 166 , Target 2- 179. Positional trade.
Buy COALINDaccording to the chart anylasis cola India make roundind bottom chart pattern so that we can say buy between coal India 152 to 155 and making short term target 180 to 185!!
COAL INDIA Cup with handle pattern in coal india. keep proper sl and position according to your capital.
Coal India Cup & Handle Formation in ProcessCup & Handle is a bullish pattern in which once the handle formation is confirmed, the further upside similar as the size of Cup is possible.
Buy Coal India at 148
SL 132
Target 180
Duration 2-3 Months
Coal India - Cup & Handle pattern + Volume expansionKey Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Forming Cup & Handle on Daily
4. Forming Inverse Head & Shoulders on Weekly
5. Approaching major resistance zone 155-160
6. Flipped the 145 zone into support
7. Close above 160 will trigger a rally to 180
8. Target: 170, 179, 188. Stop Loss: 144
I have made an illustration on the left-hand side, to explain the Cup & Handle pattern.
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
