COALINDIA
coal India Daily nice supply 141.3-142.6coal India Daily nice supply 141.3-142.6
Pro:
1. 2 exciting candle in location(daily)
2.2 exciting candle in 15 min
con:
1. result date volatility and the stock seems to change its momentum towads up for last 3-4 days
2.left there were few trading activity in execution time frame 15 min
coAL INDIA TRADE SETUP
COAL INDIA SHOWING WEAKNESS AT 136.55
SHORT FOR TARGET OF T1- 128 T2- 124 ( TRIPLE BOTTOM FORMATION AT 136.55)
SL ABOVE 137
IF THE PRICE SUSTAINS ABOVE 136.55 GO LONG!
FOR TARGET OF T1- 140 T2- 145 ( LOOK FOR WEAKNESS/ STRENGTH NEAR THE YELLOW TRENDLINE ).
KEEP THE PRICE ACTION IN MIND AND TRADE ACCORDINGLY.
COALINDIA SL 15 minCOALINDIA was continuously bearish in Weekly/DAILY
It was in between a tight demand and supply zone in daily . and recently formed an hourly demand and supply zone .
Stock was reacting from the hourly supply zone and looking at a very good structure demand zone in 15 in between hourly demand and supply zones, trade was planned. But since the stock was reacting from even though tested hourly supply zone, it SL my nice structured 15 min demans zone.
So dont place any trade in wrong direction, even though its nice structure.
Coal India turning BLACK REDCoal India has been very bearish on Daily time frame and is not able to give price action movement of bullish nature. Thus a recent break of support line and testing its once it is now going to test it second time, though the prob. falls in the second time for retracement but still a price action confirmation can lead us for a short entry.
Coalindia bullishCoal India is trading in a channel and now showing upward movement though 130 is another critical level to watch. It's had closed above this level and in coming week if world market and nifty opens positive this could reach 145 - 150 level which are other resistance levels to watch and in my view this will break this time with stronger volumes.
Levels are given on chart.
Disclaimer: The above views are personal and its advise to take trade based on consulting your financial advisor or self risk.
coal india lmt. time is gone for mining industry (personal view)mining and minerals industry doing nothing for investor. top 5 companies who belong to this industry, they all are in a sideways, 5 years time frame. and this stock is the leader of this industry and its strange that this stock is in a downtrend since long time.