COAL INDIA BULLISHCOAL INDIA looking bullish, as stock is near strong support. Also, good RSI divergence is there.
COALINDIA trade ideas
education purpose only ..taking support at daily and weekly buy above the high @ 264.55
sl low @ 258.85
target @ trail
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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@buy setup nowDAILY FINANCIAL WISDOM: It's not important whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong...
COAL INDIA: Short based on S&RAs it is at major resistance level
RSI is in the overbought region
MACD is also showing bearish crossover
We can expect a fall in next few trading sessions
Short -- Target 265-250 Looks like a perfect 5 wave upmove ( 5th wave in extension ) is already done.. may short the stock with an immediate target of 265-264 and then 250..
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.
COALINDIA LOOK BULLISH BUY SETUP -27/7/2017DAILY FINANCIAL WISDOM: Amateur traders focus on rewards. Professional traders focus on risk..
DAILY FINANCIAL WISDOM: Your decide your fate, the market you're trading does not...
COALindia buy cmp 255 Target 300,320Coalindia Confirm downtrend reversal buy cmp target 300,320 Sl 242
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 Long term Holding I am looking to enter after Bounce on 280 with Up thrust Candlestick , I am looking for Long term investment , and for day trading I expect to make 285/291 in a day
Stop would be 272 in both the case Long term and Day trading
Regards
