COALINDIA trade ideas
COAL INDIA - Bullish Swing ReversalNSE: COALINDIA is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
Short Coal India !!!!Good day,
Hello Traders,
Coal India is ready for a big downside as already completed the Head & Shoulders pattern now just waiting for the breakdown of the Neckline.
Downside is evident. Good candidate for Short side.
Time Frame: Weekly
It also depends how market behaves.
Chart Self Explanatory.
Disclaimer: I am not SEBI registered analyst; this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
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COALINDIA Showing good momentum at the CIP+ SUPPORT LEVEL !!!The price taken support at the demand zone & also perfectly following the upward trendline. The support level previous acts as resistance for the price and after the breakout price taken support at the same resistance level (change in polarity level).
COALINDIA
✅Trendline support
✅Demand Zone
✅Support @200
✅Possible Targets-- 228--- 236 ---258
👉Keep on radar for holding✅✅
COAL INDIA: Possible entry on long position.COAL INDIA: Possible entry on long position.
Stock trading in a uptrend structure in a daily time frame.
Key Structure Support at the level of 208.
After a secondary trend, stock has shown a bullish reversal candlestick pattern with a bullish engulfing candle.
It can be a possible long entry. for the target of 260.
Coal India favoriteone of my fav stock have watching it from 130 levels.
it is one of the gem or technical analysts - 1. rounding bottom breakout above 208.
2. golden crossover on weekly charts as well.
3. RSI above 60 bullish MACD positive
fibo has fantastic medium term targets for it 275, 365.
shall accumulate on dips that should be seen in near term, best range is 220 - 30.
chart will turn bad below 205 watchout for that level as sl.
Disclaimer - views are educational purpose not recommendation please take your advisers view before investing.
COAL INDIA make a Bearish Circle Coal India make a bearish circle chart pattern and it might be a bearish cup and handle chart pattern in upcoming days or from circle it can give downtrend movement normally and it will face a support zone at 210 - 195 level and as per rsi is 38 in uptrend mood so it can open tomorrow positive but for sometimes it can make a handle of cup and then give down trend move so be attentive and carefully