COALINDIA trade ideas
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
Coal India In A Weekly Timeframe Coal India is looking bullish on chart for short term positional trade.
The Mother Candle along with Inside Candle Concept is widely used by trader universally.
This pattern is considered to be a high probable trade setup and is also one of my favorite trading setups for intraday / swing / positional.
One can look for entry between 228-230 provided a daily candle closing above the mother candle. (candle closing above mother candle is a must)
Will suggest a tight stop loss of 210 incase the setup fails. (Note: No setup is 100% probable, so managing risk & position sizing is a must)
Disclaimer: Not an investment advice. Do your own analysis, research and manage position sizing according to your risk taking appetite.
COALINDIA looks good for long at 221 for targets of 269-349-447Stock on weekly chart is making higher high & higher low since last 2 years. Now it's trading at 52 week high as well as 2 years high. Seems a good buying zone to me for long term. Swing traders may avoid as it may take more than 2 years also for the final target of 447. Looks good for buying at CMP 221.65 for Targets of 269-315-369-447. Positional traders may book partial profits at mentioned levels, Investors may hold for final target.
Go long For COAL INDIA....On a weekly tf it breaks it's chart pattern.....on a daily tf it gives retest as well .....so if COAL INDIA Breaks the level of 215 ...you can go long on this trade.....T 1 - 230....T 2 - 270
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Note : This is my analysis you should consider
your opinion and take trade on your
basis...Thank you