COALINDIA : Positioned for a BreakoutCOAL INDIA LTD (COALINDIA): Consolidation and Potential Reversal 🌟
Price Action Overview:
Current price: ₹414.05 , trading near a key consolidation zone.
A deep retracement zone has been identified between ₹374–₹394 , where buyers are likely to dominate.
Liquidity building in this range may act as a trigger for a reversal.
Key Levels:
Deep Retracement Zone: ₹374–₹394
A critical demand area for long entries.
Stop Loss: ₹360 (Hourly close below invalidates the demand zone and trade setup).
First Target Zone: ₹513 (Historical resistance where profit booking is likely).
Trading Strategy:
Entry Plan:
Look for buying opportunities within the ₹374–₹394 range, provided bullish price action confirms (e.g., volume spikes, bullish engulfing, or reversal candlestick patterns).
Stop Loss:
Place a stop loss below ₹360 to cap downside risk.
Profit Target:
First target: ₹513 .
Scale out of the position or use trailing stops as the price approaches this zone to maximize gains.
Alternate Scenario:
If demand fails in the ₹374–₹394 zone, anticipate a deeper retracement. Avoid entering the trade in such a scenario.
Potential Risks:
Failure to sustain buying interest in the demand zone could lead to further bearish momentum.
Broader commodity sector trends may impact Coal India's price movement.
Disclaimer:
This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please conduct your research or consult with a financial advisor before trading.
#CoalIndia #TechnicalAnalysis #DeepRetracement #SwingTrading #StockMarket #TradingStrategy #MarketInsights #Nifty50 #BSE #NSE #StocksToWatch #Fibonacci
COALINDIA
COAL INDIA 1D TFNSE:COALINDIA has been bearish for a long time and now is retracing. The bearish run could continue if the stock breaks the demand zone with a strong bearish candle and a good volume. Recently Coal India has invested in creating a solar power plant.This news could even disrupt the bearish run.But if the stock breaks the demand zone, the stock could be expected to move to the next lower demand zone.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Coal India bullish swing expectedCoal India is a potential stock which can breakout & can give a good move. Its trading at its resistance on daily time frame.
If breaks resistance then min expectation will be 600.
its a under valued stock having a P.E 8.97 so can be preffered for long term investment also.
Disclaimer: Any of my posts should not be considered as a Buy/ Sell/Hold recommendation. This analysis is for educational and learning purpose only.
I always recommend using Stop Loss and following risk management rules.
Symmetrical Triangle Pattern in COALINDIAStock: COALINDIA
Timeframe: 1 Hour
Pattern: Symmetrical Triangle Breakout
Analysis:
Breakout: COALINDIA has given a breakout from a symmetrical triangle pattern.
Expectations: After this breakout, a bullish rally is anticipated.
Targets:
First Target: 542
Second Target: 555
Third Target: 570+
Stop Loss: Set at 520
Trading Strategy: Consider going long on COALINDIA, keeping a strict stop loss at 520.
Coal India Ltd - Approaching Breakout LevelCoal India is nearing a crucial resistance level at 543.00. A breakout above this level could signal a strong bullish move. The stock has been following an ascending trend line, showing consistent upward momentum. Watch for a potential breakout and follow the trend for trading opportunities.
COAL INDIA HAVE BROKEN & SUSTAINED ITS PREVIOUS ALL TIME HIGHPREVIOUS STUDY SHARED ON 06 MAY 2024 ....
Company is almost debt free.
Stock is providing a good dividend yield of 5.11%.
Company has a good return on equity (ROE) track record: 3 Years ROE 51.8%
Company has been maintaining a healthy dividend payout of 51.8%
New Projects 9MFY24
1 Environmental Clearance : EC has been obtained for 14 Proposals (Incremental EC Capacity of 9.85 MTY).
2 Forest Clearance : 1 proposal of wild life clearance (121.58 Ha) has been secured.
3 CIL has approved 5 Coal Mining Projects with a total capacity of 60.04 MTY and incremental capacity of 33.24 MTY.
Solar Power Generation
Aim to set up 3GW capacity of solar power projects to become net-zero by FY 25-26. CIL intends to add another 2 GW of renewable energy, aiming for a total installed capacity
of 5 GW.CIL is also participating in PAN-India Solar tenders of GUVNL, SECI etc to achieve the target of 5 GW. CIL has entered in an MOU with Rajasthan Rajya Vidyut Utpadan Nigam Ltd to develop Solar Power Project at Solar Park in Rajasthan.
Coal India-Intraday analysis for 06.05.2024-BullishNSE:COALINDIA As per the reference analysis for 29th April for intraday(Coal India), (Attached link for the previous analysis), we couldn’t found any trades since market went into sideways for few days and finally stoploss has hit and good thing is later it has achieved target those who have taken 2nd entry for bullish signs.
Now with this yesterday breakout, stock found some momentum towards bullish side and successfully broken 2nd retest resistance level. One more important points is that resistance converted to support and retracement has also achieved by breaking previous swing highs.
Day TF: Inside candle broken and very good healthy green candle. Expected small consolidation before one more momentum
15 Min TF:
• Resistance converted to support
• Retracement has done
• 20, 50 & 200 EMA reacted well with price
• Previous LH has been broken in downrange range with a retest. This indicates downward trade has ended
• FVG has been successfully rejected.
• Volumes are considerably & uniformly high for whole day indicating strong movement expected
Risky Buy: Above 473.
Safe Buy: Above 480 with Consolidation breakout and expect big profits
Direct Gapup entry should be avoided
Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required on this particular idea.
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Consolidation in COAL INDIA - Expect a 15% upmove post breakout COAL INDIA - is nearing its 52 week high with decreasing supply on a daily time frame with a consolidation from the past 100 days.
The company has seen an influx of institutional investing. Coal has also been a silent performer and will only increase with the dependency on the product.
Good for swing traders to be kept on watchlist. Look for volume gain above the 30w moving average on weekly time frame.
Can expect an upward momentum of a min of 25%.
Entry - On breakout - INR 455 and above.
SL - swing low of 3%
TSL - According to your risk profile.
Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
COALINDIA--Head & Shoulders??Head and shoulders pattern is identified in this stock.
we have a chance of right shoulder formation.keep safe in this area.
price is now near to Neckline.
on bottom we have a strong support lies at 416 levels,
if price breaks neckline we have a support lies at 416.
keep in long side from support levels,
if neckline failed to push the price downside we have a continuation from this support levels, upside.
COAL INDIA CUP & HANDLE PATTERN BREAKOUT ON 04/09/2023CUP & HANDLE BREAKOUT - SUGGESTED IN 4TH SEP 2023
Entered at - 290
Targets - 345,445+
Target 1 reached & given 92 points (32%) Given
CMP - 376
Re-entry possible at 345 level.. if again falls than you need to average at 295 level
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COALINDIA - Ichimoku BreakoutStock Name - Coal India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 370
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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COALINDIANSE:COALINDIA
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose