COALINDIA trade ideas
Coal India - resting before achieving the past gloryAssumption - Market does not repeat a 2008 crash.
Right now price is in a range (152 - 140 INR).
if the zone is sustained price will shoot to achieve its target of 191 INR in short to mid term.
if the accumulation zone is not sustained... the Price is likely to visit the 120 INR zone.
COALINDIA ANALYSISCMP:181.00
Reasons To Trade: Uptrend followed by a long bearish pinbar candle on daily time frame and then a long bearish candle below the low of pinbar candle and can be a gap-filling trade
Support: 177.5
Downside Target: 170-172
coal indiaWith the ongoing Russia-Ukraine crisis, the overall commodity prices are witnessing spike, including crude oil and metals. In this regard, the European coal surged to historic highs as sanctions against Russia for its assault on Ukraine tightened the global market supply.
Hence, the benchmark thermal coal in Asia, which is the largest market for the fuel, soared 46 per cent to a record as concerns about disruption to supplies from Russia turbocharged concerns over tight energy markets, as per the Bloomberg report.
According to ICE Futures, Europe Futures for high-quality thermal coal loaded on ships at Newcastle port in Australia jumped to $446 a tonne on Wednesday, adding $140.55 in a single day and rising to the highest in data back to 2008.
During Q3FY22, Coal India had delivered a strong performance despite hurdles like heavy rainfall and the pandemic, impacting physical performance.
Coal India 1dtfLook like an upside opportunity of the minimum target up to 171 and closes above it move up to 182 and good accumulation up to 147 and closes below it make trend changes...
COAL INDIA BREAKOUT COAL INDIA Broke the ascending triangle pattern and has retested the zone
RSI level are good
can make a good move from here
#DYOR
COAL INDIA WAVE ANALYSIScoal india completed wave 1 and c wave of flat wave 2 is still pending.expect abig upside after the completion of this correction
Coal India.Seems
1- C&H pattern.
2- Rounding bottom pattern.
3- Trend line BO ( waiting for confirmation.)
Good to BO 165.
TARGETS :- 168, 174, 188, 200+
SL :- 155 - 156
Coal India. LongCoal india making
1- C&H pattern.
2- rounding bottom pattern.
3- Giving BO the trend line.
COALINDIA ANALYSISSymmetric Triangle Pattern
Resistance Zone: 162.40-162.80
Upside Targets: 164.70-164.90, 167.50-167.80
Support Zone: 161.25-161.65
Downside Targets: 158-158.20,154.50-154.80
COALINDIA BUYCOALINDIA BUY for day trading if stock break the resistance with big green candle.........
Coal IndiaCoal India Channel Pattern. Expected to move up considering the volume and interest
Disc: Not a trading or buy recommendation. Only for Learning
Swing Trade for COALINDIALong Entry for COALINDIA: at a support zone in the trend line, being followed from October 2020. In weekly chart, we also see a long lower tail candlestick at the trend line support zone on the week 20 Dec 2020.
Buy between - 146-150
Stop loss - 138
Holding Period - 2-3 weeks or longer
Note : If you risk to trade this idea, you alone will be enjoying it's profit as well as the loss, if something goes wrong.
Happy Investing :)
COALINDIA BUYCOAL INDIA BUY for day trading if stock break the resistance then we will enter in stock.....
Coal India Breakout Coal india is breakout candidate
Buy and hold above 160.
Potential target 180.
Use 155 as stop loss.
COALINDIA LONG-TERM VIEWToday COAL INDIA closed over 200-day EMA backed by a high volume trading.
Also breaks the downward weekly trend-line followed from August 2015 on a daily basis. If it stays above the trend-line for this week, we can go long for couple of weeks.
Next Support levels to watch:
Support 1 = 162.20
Support 2 = 172.80
Check out the link to my previous Swing trade idea for COALINDIA.
Happy Investing :)
Coal India - resting before achieving the past gloryThis analysis assumes that the market does not crash.
Coal India Analysis - Hidden Bullish Divergence 1. Hidden Bullish Divergence
2. Confluence of Volumetric profile
3. Ascending Channel Bottom
4. Demand for Coal has risen due to Higher LNG Price , Revenues will be good in coming quarters
5. Nice intrinsic value
6. High Dividend
COALINDIA SWING TRADE ITS MY VIEW ON COALINDIA AS IT IS ON ITS WEEKLY SUPPORT
USE PROPER MONEY MANAGMENT IF U Trade 2% risk on your capital
COALINDIA price action studyHi,
I was just doing some HTF stock analysis. And came with coalindia that it got support from a very long fib.
Hence the importance of fib levels.
I want you to give your feedbacks and critics the analysis.
* I'm learning *
