Raising Wedge Trendline SupportCoalindia has taken support on Raising wedge trend line, its good buy around marked demand zone with bottom demand level as stop loss for the target given on the chart. Let's see
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COALINDIA trade ideas
HPC Scanner Thank you Scott/Sr-AnalystThank you Scott and Sr Analyst Team for HPC Scanner. Helpful to scan patterns.
Hopefully Team includes Shark Pattern Scans and Chart linking functionalities in future revisions.
My View on COALINDIACoalindia should give Trendline breakout above 146.50-147.00
Intraday target 150-155++
we will use TSL from 142
COALINDIA analysisIt's in an uptrend, moving in a channel.
Based on my analysis, this will be a new high in about 180 days. I'm very much confident with this, but always remember to trade with a stop loss.
Coal India Short Term ReversalThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals.
coalindia symmetrical triangleit will be interesting to see which side will it break , but currently it is at the lower trendline support
COAL INDIA AT SUPPORT ZONEwe mae see a good upword movement in coall India as it is at its support zone
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.
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.
