Coalindia - Elliott wave analysis - ABC zigzag continue bearish cycle as 3rd of C down in ABC zigzag
Share your comments, if you are agree or not or having alternate view.
COALINDIA trade ideas
Price ActionTrend lines can be used to trade, if it closes beyond those trend lines trade can be taken respectively
Price ActionTrend lines can be used to trade, if it closes beyond those trend lines trade can be taken respectively
coal india compelling buyas per analysis elliot wave and fib ext we get a price trg of 239.80 approx. buy with a small stoploss of 5 rs once crosses 155 you will get a price of 180 and trg of 3rd wave comes to 240
Buy Coal IndiaBuy Coal India CMP 162 add near 155, Stoploss 142 Target 187
Study: Cup & Handle Breakout
Buy coal india for Target 160Buy coal india for Target 160 to 180 soon .
King of Dividend .
Sl -135.
Breakout in COAL INDIAAs you can see It given breakout towards downside.
Buy @145
Target 143
Expecting 1+% profit
descending triangle in COAL INDIAdownward or somewhat neutral trend. breach of 50 MA which indicates negative trend. downtrend and RSi convergence. volume consolidation.
COAL INDIAAs per the Japanese study of Ichimoku Multi Time Frame Analysis, Coal India has activated a C Clamp in daily time frame. As per the study, it could rally till 155 where the Kijun/Base line is currently, with minor resistance at 150 as long as it stays above 144 (fractal low) over the next 10 calendar days till it remains valid.
In terms of R:R and time anticipation the set up looks decent.
Do Your Own Research before initiating and follow levels (both in terms of reward and risk) always.
Coalindia - Elliott wave analysis - ABC bearish correctionIt completed ABC zigzag pattern at last swing high. The drop was wave A and forming ABC bearish pattrn. B wave as abc bounce is under progress and can go up to 153- 156 before reverse down as wave C.
Enter at BREAKOUT Clearly saw a downtrend, Made a Trendline If it gives a Breakout it would be a good trade 💰
TARGET 1 :160 RS
TARGET 2: 165 Rs
Taking a STOP LOSS @ 143.50 AT SUPPORT ( Going safe )
RISK : REWARD RATIO = 1:1.7 ( looks good )
CAN GO SHORT IF YOU SEE ITS GOING BELOW THE BLUE LINE ( NOT RECOMMENDED)
COAL INDIA - 4H - 22.06.2021as suggested, the price reacted good from the demand zone.
currently at resistance, but overall should move up if price closes above 148.80 this week (highly likely).
daily close above 148.80 would be good sign too.
hidden bullish divergence seems to be playing out well.
if some how price falls, look for reaction in the red zone.
coal India poised to give a minimum return of 24% in next 2 year# Those buying Coal India around 146 level could generate Rs 35 in dividend income in next 2 years (including the recent announced 3.5/- dividend). That comes to roughly 24% return on investment.
# plus there is potential for upside from appreciation in stock price due to following reasons:
1. Production Increase due to front loading of capex
2. wage revision and consequent pass on of costs to buyers in next 6 months
3. higher auction sales and realization
# Valuation wise the company is trading at a shiller pe of just 6.5 times which suggest that the company has earned its market cap in last 6.5 years itslef on average 10 year profit of 13843 crores. So if the stock is held for around 7 years, it is likely to earn it 90000 crore market cap again plus the future value will still be there in the stock price.
# Its probably ESG theme which is keeping global investors away from this stock. But Coal being an essential commodity in 70% of Indian power generation, it is unlikley to be replaced any soon.
# With Banks FDs generating just 6% return, the earning yield on Coal India is a very attractive proposition.
cup forming in coal indiasince last price and pattern of the trading, showing the bullish cup formation in Coal India.
Coal India : Strong BullishBullish Above 163
1 Day Close Base
Target 180, 200++
SL: 144
Time Frame : 1 - 3 Months
Risk is yours and Reward is too yours totally
Coal India.............can it capture 160 levels ??Last week was Open High 164 levels
148 below weak and
142 below more weakness.
132 on the cards soon ??
139 level fulcrum.....
COAL INDIA HOLDING A GOOD LEVEL Coal india is at a good swing triangle pattern further upmove for a target of 180 it can breakout for this level. Let's wait and watch for breakout. This is purely educational purpose only.
