BUYDAILY FINANCIAL WISDOM: Just as in trading "A sailor can't control the wind, but he can adjust the sails..."
COALINDIA trade ideas
BUY -310.20 ,SL -304.00DAILY FINANCIAL WISDOM: "Beginning traders dream of wealth. True traders dream of consistency..."
Coal India..Short set up...Coal india seems to be at the end of the impulse pattern and we can expect a correction soon....The chart suggests short term weakness...Traders can short on any signs of weakness...
COAL INDIA LTD - LONG - Target 330.00 in 10 DaysEMA - 50 Crossed 100 that means price will take support of 20 EMA i.e. future buy expected between 313-316
RSI - enough upward space for 5% movement upwards
MACD - is above 0.00 and BULLISH we can expect less i.e. alteast 5% upward movement confirmed otherwise we would have expected 15% movement it this cross over would have happened below 0.00
Coal India - Elliott wave countStock bounced from 78.60% Fibonacci retracement.
1st wave of the next impulsive structure looks completed.
Monitor 2nd wave corrective pattern after which wave-3 will start.
Coal India : Ascending-Broadening Wedge PatternHey Guys,
Happy Monday... We got one of the broadening types of wedge pattern and right now CoalIndia is moving between the upper n lower trendlines of wedge pattern. We can't trade at this moment using this pattern. But wait for the breakout,Once the breakout happens enter the direction of breakout.
Sometimes due to volatility of market false breakout can happen, so don't get caught on wrongside, even if that happened don't hesitate to take trade on other side after valid breakout. I have marked an area on lower trendline,what happens approx. around that area will be key factor to make decision.
Hit Likes to agree with the post.... Thanks for your support !
Happy Trading !
