coal india - failed breakoutNot suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
COALINDIA trade ideas
COAL INDIA - 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.
COALINDIACoal 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 INDIACoal 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
Coal India : cup with Handle formationExcellent 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 looking goodCoal India forming Cup and Handle pattern on Higher time frame. Target is huge.
COALINDIACoal india is ready for another rally. break longtime curve resistance. 360 is good support. 442 is a Target for this move.
Coalindia Breaking Recent years High.#Coalindia Breaking 4 years high and moving up strongly with #Momentum on #monthlychart.
#BuyinParts. Good #BuyonDipsStocks. #DivindedStock
Multi Year Cup Pattern Breakout 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.
Ascending Triangle Pattern BreakoutAn 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 components of an ascending triangle breakout:
#Formation of Ascending Triangle:
The pattern starts with an upward trend, where the price forms higher lows.
A horizontal resistance line is drawn connecting the highs, creating a triangle shape.
#Volume Analysis:
Volume tends to diminish as the pattern develops.
A breakout with a noticeable increase in volume is often considered more significant.
#Breakout Confirmation:
The breakout occurs when the price closes above the horizontal resistance line.
Traders often look for a decisive close above the resistance level to confirm the breakout.
#Measuring Target:
The height of the triangle pattern is measured from the base to the highest point within the triangle.
This measurement is then added to the breakout point to estimate a target price.
#Risk Management:
Traders typically set stop-loss orders below the breakout point to manage risk.
It's important to monitor the price action after the breakout to ensure it is sustained.
#False Breakouts:
Sometimes, price may briefly move above the resistance line but then retreat below it. This is known as a false breakout.
To avoid false signals, traders often wait for a confirmed close above the resistance level.
#Timeframe Consideration:
The ascending triangle pattern can be observed on various timeframes, from short-term intraday charts to longer-term daily or weekly charts.
Remember that while chart patterns can provide useful information, they are not foolproof, and it's important to consider other factors such as market conditions, overall trend, and fundamental analysis. Trading always involves risks, and it's crucial to use proper risk management strategies to protect your capital.
COAL INDIA MORE UPSIDE possibility.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
COAL INDIA-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
Buy idea for COALINDIACoal 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.
Rounding bottom pattern breakoutStock is trading above rounding bottom pattern neckline and ready for upward movement.
Positional_ Coal IndiaCoal 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.
Positional_ Coal India1. 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 markets, resulting in financial gains or losses. The analysis I've shared is for informational and educational purposes only.
Investment_ Coal IndiaTrading and investing are completely different in nature.
In trading, we don't care about the prices whether it's fair or not.
We buy high and sell even higher.
But in investing, we should only buy a stock near its intrinsic value. No matter if everyone is making money except us. But, price which is justified by fundamentals are sustainable and proved sustainable historically.
"Intrinsic value is upgraded or declined based on fundamental changes. I amend my intrinsic value every year based on the growth of the company."
So here I am with a stock named Coal India. According to Sir Benjamin Graham's method of calculating Intrinsic Value, it is worth around ₹249 a share.
A shareholder mainly makes profit from different two ways, 1. Appreciation in the share price and 2. Dividend paid by the company. This stock is offering "9.13%" dividend yield. It means that you're getting approximately 9.13% return every year as a dividend payment (which is obviously better return than current FD rates). And I think the share price will also appreciate in the upcoming months. Why?
Let's analyze what we see in charts.
It had formed "Inverted Head and Shoulders Pattern" (a bullish reversal chart pattern) on weekly charts during the month of Feb. It looked like it breakout of neckline on 22 Feb weekly candle. But it proved fake breakout and reversed backed to consolidation. Now I think the neck-line is already weak. I am expecting a huge breakout in upcoming months which can take stock to Rs 200 levels or even higher. Well, this will not happen overnight, it will take months to years as well. But I think staying invested in this stock is not a bad deal as long as it has very good dividend yield.
Some questions answered:
Q: At what price should I buy?
A: Well, this stock looks hugely undervalued and I suggest to start accumulating shares NOW.
Q: Well, if it is good undervalued fundamentally strong company, why the prices doesn't move up?
A: Like most of the public sector companies, it pay most of the profit in form of dividend. Therefore, on ex-dividend date, the prices get already discounted to dividend paid by the company. And investors are happy with the dividends paid by the company which restricts them to bet for higher prices (like what we are seeing in the Metal sector now).
Q: Should I buy shares tomorrow, at on go?
A: Nope. Divide your capital in at least 3 lots. You buy first lot tomorrow, second lot after 2-3 week (as you like) and third lot AFTER BREAKOUT.
Disclaimer: The views expressed in this article is of my own, you're solely responsible for any decision taken in the markets. The analysis I've shared is just for informational and educational purposes only.
Coal India Monthly Investing Level.This stock has climbed above a price it struggled to break in 2019. It took some time to stabilize just below this price before making the move. It looks like it could reach 335 in the near future, which could be a good investment. But be sure to set a stop-loss to protect your investment in case things don't go as planned.
coal india pattern trendline levelscoal india chart pattern with trendline and levels
posted as to learn technical by observing price movement as per these. no buy sell recommendation.
COALINDIA - Ichimoku BreakoutStock Name - Coal India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 350
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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Coal India Bigger PictureCoal India Retracing After Big Breakout
Buy At Cmp - 160
SL - 130 (Monthly Closing Basis)
Target - 315/340+++
Time Frame - 6-12 Months
