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.
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Coalindiabuy
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.
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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 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.
COALINDIA Daily TimeframeSNIPER STRATEGY
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Coal India - C&H pattern breakout with volume confirmationToday stock has given breakout in C&H pattern with good volume confirmation.
Stock has finally surpassed 161 hurdle and able to close above it with 162.65 price.
One can go long with SL of 143 and target of 190.
Apart from this Coal india's result is on Monday and hope that result will be on favourable side.
If any one want to go with more security than one can put SL at 159rs.