COALINDIA trade ideas
Coal India is bullish Coal India is looking bullish and forming solid bullish candles with good volume, if it is able to sustain above 143 End of the Day basis, we can expect a good movement towards 163
All the supports and resistances are given in the charts.
Disclaimer-This is completely based on my analysis, please go through your analysis before you invest- Investing in the stock markets are subjected to risks
Coal India - Still to cross 143-145 Resistance MarkCoal India has obviously broken the channel but still has to break the resistance mark of 143-145. Once that resistance is breached and with the good fundamentals of this stock, going Long will be a good idea. But still, it is good to wait till that 143-145 mark and study how the stock behaves after that.
Coal India is bullish from the trend it is formingIf Coal India is able to take a good support @135 then many targets are open from here. There can be a reversal of the trend which is forming from the march. SL-131 and targets can be up to 150 in the near future.
Disclaimer: This is my view, please check with your analysis and invest in it. (Educational Purposes only)
Coal India- Bearish Trend (pull back possible)Coal India Buy @ 115 SL 109
Target 126,132
Coal India now at multi year low so trade with strict stop loss 109
Buy at 115, Book half at 126 & remaining at 132
still in bearish territory, but pull back to 50 or 61.8 % of last swing high possible
Potential reversal zone 132, to continue its bearish trend
Break of last swing high 145, good to enter for Long term Investment
very attractive valuation
For Aggressive trader, buy at 115 Stop loss 109
Coal India - Weekly/Daily Trendline BO with rounding bottomCoalindia is very interesting candidate, given breakout on weekly and daily trendline and forming a roundling bottom, need to break neckline for further upmove as its in daily supply zone. As per my experience it will retrace and test back broken trendline and demand zone ... Lets see how it react... Target on chart...
Coal India pick for Sare betCompany given robust results as compare to YoY yet not recovered much compared to pre- covid level. As we seen boom in PSU it seems even after running 30% from low coal India just started it's rally and have much more potential. One can buy for long term as well as besides coal mining it have great future diversification plans in renewable energy. GOLD @ COAL!
COAL INDIA 2H CHARTCoal india Given Good Trendline Break-out,
And it Looks good Above 137,
Can show 169, and 180 Levels.
With SL of 2H candle Close below 136.
Desclaimer
These are just my views for education purpose only.
I am not any type of Advisor or tips provider.
Consult your Financial Advisor before investing or trading.