COALINDIA
CoAL INDIA Daily income trade. ShortPrice is moving in downwards range. Trend is also down, so, it is pure indicates that to go for short.
COALINDIA Long Setup [Inraday]NSE:COALINDIA Long setup at 194.95 with SL at 192.95 and targets are mentioned on the chart.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly.
COAL INDIA BULLISHCOAL INDIA looking bullish, as stock is near strong support. Also, good RSI divergence is there.
Coal India is approaching the Symmetrical TriangleCoal India is Offering for Sale (OFS) its shares at 5% Discount on Retail. The Current Price is 275.85 and the Company is offering its shares at 266 (Floor Price) from 9:15 AM to 3:30 PM for 31st October and 1st November.
If we are able to get our hands on this share at a price of around 266 area, it would be in our Buy Zone of the Symmetrical Triangle. We could expect further a break or bounce Scenario from thereafter.
Coal India #coalIndiaPerfect re-test of the structure for Coal India: Confirmation of two pin bars...bearish..followed by bullish
Here is the plan:
Buy with stop loss below the previous pin bar (Green)
SL: 274.2
TP1 :283
TP2 : 290
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COAL INDIA Ltd: Buy @CMP 245.50, SL 230, Target 320, 427Excellent bottom fishing opportunity in Coal India Ltd. Its trading near IPO Rate(Rs.245). This zone is major support point( Analyze coal India's behavior during Aug 2013 to Feb 2014). Nearly 2cr quantity traded on major reversal day(17 Aug 2017) which was highest since Feb 2015. All in all excellent risk reward zone to initiate the trade.
Coal India - LongsCoal India is forming bearish Bat pattern and CD leg may extend till 420+ in coming weeks.
Longs can be initiated in Coal India at cmp 276 keeping stop at 270 for 420+ tgts in coming weeks.
Short term players may target for 285 to 300
Coal India Struggling - Short opportunityCoal India seems to be struggling at current level of 277. With lower High and lower lows on daily charts.
With Nifty Index under pressure coal india may be break support of 275 level.
Trading strategy :
Short below 277
Target Price : 250
Stop Loss : 290
Reward to Risk - 2:1
Trade Safe.
COAL INDIA LTD - LONG - Target 330.00 in 10 DaysEMA - 50 Crossed 100 that means price will take support of 20 EMA i.e. future buy expected between 313-316
RSI - enough upward space for 5% movement upwards
MACD - is above 0.00 and BULLISH we can expect less i.e. alteast 5% upward movement confirmed otherwise we would have expected 15% movement it this cross over would have happened below 0.00
Coal India - Elliott wave countStock bounced from 78.60% Fibonacci retracement.
1st wave of the next impulsive structure looks completed.
Monitor 2nd wave corrective pattern after which wave-3 will start.
