COALINDIA1!27-11
Daily chart of COALINDIA1!
Manual trend and 200 EMA are bullish
Candles seem to be taking support on the manual trendline
support at 209.50 (manual) and 207.20 (200 EMA)
resistance at 239.80 and 263.90.
Can expect that the highs of 263+ will be tested if the resistance at 240 is breached.
#coal bullishVery strong impulsive move on coal. Combo 13 might put a pause on this run, however I will update if price makes a shallow pullback and gives a nice 25% extension buy.
Impulsive moves like this provide great opportunity. The China's energy crisis might last for a while so energy-related commodities
COAL INDIA - FUTURESCoal India seems to be taking out previous weekly highs and inching towards 170, 175 and eventually maybe 180
It can be a long with stop loss of 159-160 for above targets, being a slow mover it ll test you so be patient and trail stop losses.
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Frequently Asked Questions
The volume of COAL INDIA FUTURES is 91.80 K. Track more important stats on the COAL INDIA FUTURES chart.
The nearest expiration date for COAL INDIA FUTURES is Jul 31, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell COAL INDIA FUTURES before Jul 31, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For COAL INDIA FUTURES this number is 49.95 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for COAL INDIA FUTURES shows that traders are closing their positions, which means a weakening trend.