COALINDIA trade ideas
COAL INDIA - INVERSE HEAD & SHOULDER
Formation of Inverse Head & Shoulder pattern Breakout on the daily and weekly chart.
Breakout above the neckline and downtrend line with high volume.
Potential long target of 25-30 points.
Use a fixed stop loss.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Coal India inverted Head and ShoulderCoal India inverted Head and Shoulder:
It looks coal india has crossed the neckline of inverted head and shoulder.
Regards
Coal India. Positive breakoutPositive break out after a long time. Volume supported move. Looking really good.
Coal India Breakoutlong coal india for the target of min 178-180 with a stop loss of 146. Short to medium term view
COALINDIA - Big BreakoutCOALINIDA was forming a H&S pattern since Mid-May and finally the neck line has been broken with huge volumes. I am bullish on this script.
CoalIndiaYou can choose coal india for long term investment. I checked it in different time frames and I think that it can go long after a bounce from 148. It also showing inverted head and shoulder pattern . coal India dividend date also coming
It seems that you can choose coal India for long termYou can choose coal India for long term . I confirmed it in different time frames and also it makes inverted head and shoulder pattern it can bounce after touching 148
Coal IndiaCoal India formed the " Head and Shoulder " pattern in the weekly time frame.
We can go long here with the given target and stop loss.
Coal India Good to Buy at 143 - 147 Analysis about Coal India
It is Good to Invest at 143 - 147 Level if it touch this level only.
SL is 131 Weekly price is close below only.
Targets are T1 - 180 & T2 - 208 (My expectation the price will reach on Nov 2021).
Approximate 41% - 44% will get returns.
Coal india -Technical analysis--This info is only for educational purpose--
The stock has breached its major resistance of ₹146 and is heading towards the next resistance of ₹180
So in my opinion one should buy the stock at Cmp 150-152 with a stop loss of ₹144 for a Target of ₹180
Risk/Reward-1:3(Favourable)
Also the stock is well know for high dividend payout so, if you are a long term holder then this stock may provide you returns better than interest earned on fixed deposit.
COAL INDIACoalindia
given bullish breakout
inverted head n shoulder pattern
support 134.65
key levels are 161, 166.35, 174.60, 190, 201.15.
Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
consult your financial advisor before trading or investing
#coalIndia - The strong bullish candle breakout failure tradeBearish if sustains below 152 for 144/138/125.
Regards
Coal indiaInverse head and shoulder formed in coal india...
Moving towards 180
Stoploss should be 143
