COALINDIA trade ideas
COAL INDIA Ltd: Buy @CMP 245.50, SL 230, Target 320, 427Excellent bottom fishing opportunity in Coal India Ltd. Its trading near IPO Rate(Rs.245). This zone is major support point( Analyze coal India's behavior during Aug 2013 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 LOOK BULLISH BUY SETUP -27/7/2017DAILY FINANCIAL WISDOM: Amateur traders focus on rewards. Professional traders focus on risk..
DAILY FINANCIAL WISDOM: Your decide your fate, the market you're trading does not...
COALindia buy cmp 255 Target 300,320Coalindia Confirm downtrend reversal buy cmp target 300,320 Sl 242
Coal India - LongsCoal India is forming bearish Bat pattern and CD leg may extend till 420+ in coming weeks.
Longs can be initiated in Coal India at cmp 276 keeping stop at 270 for 420+ tgts in coming weeks.
Short term players may target for 285 to 300
Coal India Struggling - Short opportunityCoal India seems to be struggling at current level of 277. With lower High and lower lows on daily charts.
With Nifty Index under pressure coal india may be break support of 275 level.
Trading strategy :
Short below 277
Target Price : 250
Stop Loss : 290
Reward to Risk - 2:1
Trade Safe.
Coal India Long term Holding I am looking to enter after Bounce on 280 with Up thrust Candlestick , I am looking for Long term investment , and for day trading I expect to make 285/291 in a day
Stop would be 272 in both the case Long term and Day trading
Regards
Coal India Long entry range its interesting to know that Coal India is approaching the PRZ of long term support
You can look for reversal in Zone of 275/270 and only after finding price is holding the level then you can look for Long term Entry with Higher Reward , In my understanding if enter after PRZ holding you can look for 400 from 270 in 40 trading days , so wait till it makes to predefined support or historical support Zone
Cheers
BUYDAILY FINANCIAL WISDOM: Just as in trading "A sailor can't control the wind, but he can adjust the sails..."
BUY -310.20 ,SL -304.00DAILY FINANCIAL WISDOM: "Beginning traders dream of wealth. True traders dream of consistency..."
Coal India..Short set up...Coal india seems to be at the end of the impulse pattern and we can expect a correction soon....The chart suggests short term weakness...Traders can short on any signs of weakness...
COAL INDIA LTD - LONG - Target 330.00 in 10 DaysEMA - 50 Crossed 100 that means price will take support of 20 EMA i.e. future buy expected between 313-316
RSI - enough upward space for 5% movement upwards
MACD - is above 0.00 and BULLISH we can expect less i.e. alteast 5% upward movement confirmed otherwise we would have expected 15% movement it this cross over would have happened below 0.00
Coal India - Elliott wave countStock bounced from 78.60% Fibonacci retracement.
1st wave of the next impulsive structure looks completed.
Monitor 2nd wave corrective pattern after which wave-3 will start.
Coal India : Ascending-Broadening Wedge PatternHey Guys,
Happy Monday... We got one of the broadening types of wedge pattern and right now CoalIndia is moving between the upper n lower trendlines of wedge pattern. We can't trade at this moment using this pattern. But wait for the breakout,Once the breakout happens enter the direction of breakout.
Sometimes due to volatility of market false breakout can happen, so don't get caught on wrongside, even if that happened don't hesitate to take trade on other side after valid breakout. I have marked an area on lower trendline,what happens approx. around that area will be key factor to make decision.
Hit Likes to agree with the post.... Thanks for your support !
Happy Trading !
