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 trade ideas
#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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Better days for Coal India ahead!This stock is often overlooked
It is a part of Nifty-50, and major weightage in Nifty-Metal Index as well.
It seems it is time that we get our eyes on this counter again
The line drawn in the chart is a regression line for Coal India. It is downward sloping currently.
But notice that price has closed above the regression line on the weekly charts.
If we see the last 4 candles on weekly charts, we observe this:-
- All four are green candles
- Body-size of candles in increasing (getting larger and larger)
Bollinger band expansion bodes well for the stock in the near term.
Volume: If we see the past 2&1/2 -3 years volumes, they have been much higher as compared to the periods prior to 2018
Another way to convey this volume strength is that "long-term volume averages are at/around lifetime highs"
Recent Coal Shortages, elevated coal prices, prevailing inflationary trends are also tailwinds for the stock
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ABOVE VIEWS ARE PERSONAL. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING
I AM NOT A SEBI REGISTERED ADVISOR
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Coal India - Bullish tradeStock was making continuous lower lows and
lows highs since 2015.
This is the first time when we can see higher
highs and high lows which clearly indicates
trend reversal and volume increase is also supportive.
Medium to long term trade -
Buy at CMP, add more on dips around
180 -190,
For targets of 213, 235, 290 and 330.
Keep in mind coal India has great dividend
yield too.
Trend is intact unless a closing below 145
comes on weekly basis.
Traders can also keep a SL of closing below
160 on weekly basis.