COALINDIA trade ideas
coal India Daily nice supply 141.3-142.6coal India Daily nice supply 141.3-142.6
Pro:
1. 2 exciting candle in location(daily)
2.2 exciting candle in 15 min
con:
1. result date volatility and the stock seems to change its momentum towads up for last 3-4 days
2.left there were few trading activity in execution time frame 15 min
coAL INDIA TRADE SETUP
COAL INDIA SHOWING WEAKNESS AT 136.55
SHORT FOR TARGET OF T1- 128 T2- 124 ( TRIPLE BOTTOM FORMATION AT 136.55)
SL ABOVE 137
IF THE PRICE SUSTAINS ABOVE 136.55 GO LONG!
FOR TARGET OF T1- 140 T2- 145 ( LOOK FOR WEAKNESS/ STRENGTH NEAR THE YELLOW TRENDLINE ).
KEEP THE PRICE ACTION IN MIND AND TRADE ACCORDINGLY.
COALINDIA SL 15 minCOALINDIA was continuously bearish in Weekly/DAILY
It was in between a tight demand and supply zone in daily . and recently formed an hourly demand and supply zone .
Stock was reacting from the hourly supply zone and looking at a very good structure demand zone in 15 in between hourly demand and supply zones, trade was planned. But since the stock was reacting from even though tested hourly supply zone, it SL my nice structured 15 min demans zone.
So dont place any trade in wrong direction, even though its nice structure.
Coal IndiaCoal India is in range since March 2020. Break towards any side will give at least 10% return.
Disclaimer- All ideas and charts shared by me are strictly opinions shared for educational purpose. Please exercise own caution while dealing with live market. Also I am not a SEBI registered advisor.
coal india tech analysisthe markets are very volatile nowdays but still my calculations and analysis are with the markets.
my support and resistance are not changed.
but i see this stock, strong after 135.
it is facing solid resistance at the rate of 135.
after this stock crosses 135, we may see the stock at the rate of 140-143.
this is my calculation and analysis, if you have another thinking related the markets, i respect your way of thinking..
**i a, not sebi registered analyst**