COALINDIA trade ideas
COAL INDIA , BUY signal hey guys ,
COAL INDIA stock is showing BULLISH SIGNS
this stock was moving in a pattern called TRIANGLE PATTERN 📐 ,
this stock has tried many times to break that TRIANGLE PATTERN
and now the time has come .
The stock has crossed it's resistance
and it has rested also
And now we can see A GREAT BIG GREEN CANDLE present by this stock
Also , the 20 day ema is above the 50 day ema
this shows that this stock is in a uptrend.
I have marked the RR RATIO , TARGET AND SL for y'all
try to trade according to that ratio or you can adjust it according to you .
BUT FIRST CONSIDER THE GLOBAL MARKET SITUATIONS
1. INFLATION
2. WAR
3. RISING BANK RATES
YOU CAN INVEST KN THAT STOCK
BECAUSE
PROFITS ARE INCREASING
AND THE REO RATIO IS 40%
THEREFORE, TRY TO BUY THAT STOCK
😀😀
Trading consists of 5 fundamental truths1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
By MARK DOUGLAS
in the book:trading in the zone
#CoalIndia #CIL #Bullish #C&H #EMACoal India 1W: Sharing how 'EMA 18 & 36 crossover' strategy which shared earlier is working well in this case. Once again chart is bit busy but good to catch all patterns & points and to understand what is next. @bluechips4u @kuttrapali26 @Rohitsingre2
TP above 200 WCLB : 235 & 260. Review due around 260 for next target.
buy coal indiatechnical pattern suggests it may move towards 220,240.
technicals
- Making morning star pattern.
- fantastic rounding bottom pattern can be seen.
- RSI in positive divergence.
- stock well above middle bollinger band and sustaining above it is giving a bright coal future.
Disclaimer : Views are personal, please initiaite buy/sell with the help of your advisor only.
Coal India - Short IdeaCoal India is making interesting movement. Strong support on 181 odd level and will rest for few sessions before making a flag breakout, will be interesting to see in which direction in a week or so. My guess is it will go down. Can be shorted for short duration. Overall trend is bullish in long term.
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