Coal India Ltd - A Long Term Investment Overview - BuyAs per fundamental analysis along with technical indications of this stock, there is a long term investment opportunity is seen
You can buy as 409-410 or wait for a dip and pullback from the reversal zone.
Do your own research before investing in stocks as I am not SEBI registered person and this is not a financial advice to invest in this stock or other because this is my own personal opinion
Thanks for your support as always.
COALINDIA trade ideas
Will Coal India give 7% Returns ? cmp 381.75COAL INDIA cmp 381.75
Expects positive for Coal India after the news that the Company is mulling entering into the mining of critical minerals, including lithium
Strong fundamental and attractive dividend yield will be positive for Coal India
Buy COALINDIA with the target of 408
7.30% Upside Potential
COAL INDIA CUP & HANDLE PATTERN BREAKOUT ON 04/09/2023CUP & HANDLE BREAKOUT - SUGGESTED IN 4TH SEP 2023
Entered at - 290
Targets - 345,445+
Target 1 reached & given 92 points (32%) Given
CMP - 376
Re-entry possible at 345 level.. if again falls than you need to average at 295 level
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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 370
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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ROUNDED BOTTOM/SAUCER PATTERN FORMED IN COAL INDIATECHNICAL ANALYSIS -
ROUNDED BOTTOM/SAUCER PATTERN :
An inverted bottom was formed in the monthly chart of coal india from 2nd may'19 to 2nd may'22 and it was broken out afterwards
REVERSAL FROM 50D & 100D SMA :
Market has taken reversal from 50D & 100D sma crossover on daily timeframe after hovering around that zone for a very long time
STRONG SUPPORT-RESISTANCE ZONE :
Market has also broken out of a very powerful zone and has taken reversal from that zone indicating strong upward momentum
SURGE IN VOLUME :
Volume had also surged heavily from the beginning of 2021 indicating upcoming strong market movement
PROFIT
market has finally reached the profit target of 276 which is equivalent to the height of the saucer pattern
coal india coal india has changed its structure from downtrend to uptrend by breaking the recent highs and has met our 1st traget, the stock structure is clearly out of downtrend and may consolidate for next 1-2 months and start a strong upward journey
Disclaimer:
not a buy or sell recomemndation as im not a certified person to do that , i am not responsible for any profit and loss, Please do you our due deligence, sharing chart for educational purpose only
BUY COAL INDIA TARGET 270+Coal india trading in bullish uptrend channel and very soon coal india will take support of channel support and will shoot up for upside and it will convert into higher high and higher lows formation,,so after assuming all this we can say this will move towards 275+ levels very soon after taking support of channel,,so this could be a best swing trade for one to 3 months..so buy at current level 218.9 and keep a stop loss at 190 and ride for target 250/270/290+..always use stop losses to cut losses.
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