COALINDIA--Bearish gap be filled @246??COALINDIA Observations:
----->The previous resistance level of 234 is once again proving to be a hindrance, although buyers have managed to push the price up.
It's advisable to stay in a long position until the price drops below 225.
If you're looking to invest, consider going long with target prices set at 240 and 246.
As we are currently in an uptrend, it's expected that the resistance at 234 will soon be broken.
COALINDIA
Coal showing strong downside to 177 - Watch out with companiesDescending Triangle formed on coal and the price recently broke out.
Now with coal commodities, no matter how well a company is doing - the futures trumps any company.
This is because coal is already at low prices of production and when the price drops, company revenues and profits drop with it.
Think of supply and demand.
More supply results in drop in demand which lowers the price.
Price<200
RSI<30
Target 177.54
COAL INDIA - Bullish Swing ReversalNSE: COALINDIA is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Short Coal India !!!!Good day,
Hello Traders,
Coal India is ready for a big downside as already completed the Head & Shoulders pattern now just waiting for the breakdown of the Neckline.
Downside is evident. Good candidate for Short side.
Time Frame: Weekly
It also depends how market behaves.
Chart Self Explanatory.
Disclaimer: I am not SEBI registered analyst; this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions.
If you really like the analysis, please do comments, LIKE and Follow me.
COALINDIA Showing good momentum at the CIP+ SUPPORT LEVEL !!!The price taken support at the demand zone & also perfectly following the upward trendline. The support level previous acts as resistance for the price and after the breakout price taken support at the same resistance level (change in polarity level).
COALINDIA
✅Trendline support
✅Demand Zone
✅Support @200
✅Possible Targets-- 228--- 236 ---258
👉Keep on radar for holding✅✅
#MAITHANALL #COALINDIA #NMDC #GMDCLTD #NATIONALUM #JSWSTEEL #NSE#MAITHANALL
NSE:MAITHANALL
CMP: 1050.15
TP: 1270 // 1300 // 1400
SL: 949
TF: <6m
RR > ~2.5 times
Return > ~24%
MAITHANALL
SAIL HINDCOPPER HINDZINC NIFTYMETAL TATASTEEL CNXMETAL HINDALCO JSWSTEEL NATIONALUM JINDALSAW JINDALSTEL COALINDIA NMDC GMDCLTD VEDL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
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 INDIA make a Bearish Circle Coal India make a bearish circle chart pattern and it might be a bearish cup and handle chart pattern in upcoming days or from circle it can give downtrend movement normally and it will face a support zone at 210 - 195 level and as per rsi is 38 in uptrend mood so it can open tomorrow positive but for sometimes it can make a handle of cup and then give down trend move so be attentive and carefully
COALINDIA looks good for long at 221 for targets of 269-349-447Stock on weekly chart is making higher high & higher low since last 2 years. Now it's trading at 52 week high as well as 2 years high. Seems a good buying zone to me for long term. Swing traders may avoid as it may take more than 2 years also for the final target of 447. Looks good for buying at CMP 221.65 for Targets of 269-315-369-447. Positional traders may book partial profits at mentioned levels, Investors may hold for final target.