Guys, Will you Invest in Coal India.
Brilliant Risk/Reward.
Buy 50% now.
Add on dips till 240 ( Only if you get lucky) But I don't see it going down below 270, Hence buy till 270
NO stop loss.
Target 350/400/440
Time frame 1 Year for all targets( See You after 1 year of tax free return)
Coal India has given a Inv HnS breakout with decent PA today. Volumes are a concern, lets see if that picks up in next 1-2 days. Stoploss can be close below 318 with target near 360 in coming days.
Hi guys,
Chart of NSE:COALINDIA is showing a structure which according to me is likely to break the lower support after a bit of up move. Use chart as a reference and you call the shots.
Regards
Bibin
Coal India has been trading in rising channel respecting support and resistance, it has been trading at support and may see rise towards resistance around 329 in near term.
NSE:COALINDIA is heading towards 3rd touch of the trendline.
A strong bullish bar with good volumes and also rejection wicks of recent bearish bars; accompanied by 50 DMA signal a probable upmove after consolidation of the prior strong upmove.
CMP- 313.55
Exit below 310.
Target 320-325 according to line.
Multiple Harmonic Patterns have formed on COALINDIA. Bearish Cypher and Bearish Bat signal us short trade opportunity. Price is already in my entry zone but I will wait for Overbought RSI to give me additional confirmation to take short trade.
Good Luck!!!
their is two pattern in one chart , first one is bullish bat pattern whcih is bullish and second one is bearish cypher pattern which is bearish , accrdng to bearish cypher the price will be reverse in downtrend in coming days from D point ....ONCE AGAIN IT IS ONLY FOR EDUCATIONAL PURPOSE ....
Coal India after a long down trend breakout seems to be retesting the support, traders may enter long at 298-300 with a target of 308 first and 315 target in near term with sl 295
COAL India has been trading in down trend and has been trading in a channel except few false breakouts, the stock is approaching channel resistance and have limited space,it is better to short at slightly high around 304 with a target of between 275-280 in near term.
Coal India has been trading in down trend, there have been some false break but it entered into bearish channel and trading respecting support and resistance. it seems to touch channel resistance up to 316 and may reverse touching resistance and approach to support somewhere between 298-300.
