COALINDIA has gave breakout on weekly chart, one can buy for positional targets of 290.
in weekly, hammer formed at horizontal support. in daily, regular bullish divergence seen. sl - 235, tgt - 280
TGT 303, SL 247 CLOSING BASIS, TF 2 MONTHS. Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
...explained in charts...
Coal India is at its long-term demand zone and downside from here seems limited.
Excellent bottom fishing opportunity in Coal India Ltd. Its trading near IPO Rate( Rs 0.29% .245). This zone is major support point( Analyze coal India's behavior during Aug 2013 0.25% to Feb 2014). Nearly 2cr quantity traded on major reversal day(17 Aug 2017) which was highest since Feb 2015. All in all excellent risk reward zone to initiate the trade.
COALINDIA: 237 is at highly over sold state and at strong support level now; Res:270 Stop: 230
Stock is at strong support Buy Above 245 sl 238 Targets 255/265/270
CoalIndia has been falling relentlessly for quite sometime and taken support at the strong support zone at 240 from where it bounced before also. Weekly RSI showing divergence and forming a hammer also.
Intraday levels: RES / TARGET: @ 241.75, @ 243.10, @ 243.9, @ 245.2- @ 246.25 (HZ #1), 248.8+ SUP (More Accumulation): @ 238.9, @ 238.2 - @ 237.25 (BZ #1), @ 234.7- LTP: @ 239.65 Short term TGT/ SL / TSL: Watch Chart.
I am looking for correction after price making to small time up trend line , and looking for Correction testing of low again before take Regards
Coal India after moving in a downtrend made a double bottom formation. It has also broken out of a 5 month long trend line with volumes. Now, it is retesting the breakout levels/ neckline. It is good buy at CMP 258.25 with a Stop Loss of 252 for a target of 272.
1. If the head and shoulders heads completed and becomes valid, then look for that 254 as target . 2. But if it breaks through that minor resistance level , then look for the target of 264 -which is the major resistance . happy trading...
Coal india just completed gartley in 1hr chart. Still looking for target at 61.8% retracement of CD leg
I'm prediction coalindia to move upward and hit target 270 in near future.
coal india in 1hour chart is breaking out from 254 level target 1- 257, target 2- 259, stoploss-253 NSE:COALINDIA
All Plotted on Chart. Analysis Based on FIBONACCI. Indicators & Oscillators Looks Good. Tests Double BOTTOM (CanSay Triple also), Support Zone. Go LONG : @ 250.65 ( LTP at 12.00pm ) More Accumulation Zone: @ 245 to @ 247.50 TARGET: @ 252.45, @ 254.20 , @ 256.35 + More on Chart Strong Reversal Zone: @ 246.50 to @ 245.00 SL: BELLOW "Strong Reversal...