COALINDIA trade ideas
Trading consists of 5 fundamental truths1. Anything can happen.
2. You don't need to know what is going to happen next in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.
By MARK DOUGLAS
in the book:trading in the zone
#CoalIndia #CIL #Bullish #C&H #EMACoal India 1W: Sharing how 'EMA 18 & 36 crossover' strategy which shared earlier is working well in this case. Once again chart is bit busy but good to catch all patterns & points and to understand what is next. @bluechips4u @kuttrapali26 @Rohitsingre2
TP above 200 WCLB : 235 & 260. Review due around 260 for next target.
buy coal indiatechnical pattern suggests it may move towards 220,240.
technicals
- Making morning star pattern.
- fantastic rounding bottom pattern can be seen.
- RSI in positive divergence.
- stock well above middle bollinger band and sustaining above it is giving a bright coal future.
Disclaimer : Views are personal, please initiaite buy/sell with the help of your advisor only.
Coal India - Short IdeaCoal India is making interesting movement. Strong support on 181 odd level and will rest for few sessions before making a flag breakout, will be interesting to see in which direction in a week or so. My guess is it will go down. Can be shorted for short duration. Overall trend is bullish in long term.
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Better days for Coal India ahead!This stock is often overlooked
It is a part of Nifty-50, and major weightage in Nifty-Metal Index as well.
It seems it is time that we get our eyes on this counter again
The line drawn in the chart is a regression line for Coal India. It is downward sloping currently.
But notice that price has closed above the regression line on the weekly charts.
If we see the last 4 candles on weekly charts, we observe this:-
- All four are green candles
- Body-size of candles in increasing (getting larger and larger)
Bollinger band expansion bodes well for the stock in the near term.
Volume: If we see the past 2&1/2 -3 years volumes, they have been much higher as compared to the periods prior to 2018
Another way to convey this volume strength is that "long-term volume averages are at/around lifetime highs"
Recent Coal Shortages, elevated coal prices, prevailing inflationary trends are also tailwinds for the stock
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ABOVE VIEWS ARE PERSONAL. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING
I AM NOT A SEBI REGISTERED ADVISOR
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