COALINDIA trade ideas
bearish channel white parallel channel
price again making chart patter at the current bottom near 100% projection of wave at beginning of the channel,
until price breaks this white channel it is bearish .
on clear breakout of this channel we have blue horizontal resistance near 38% retracement
on short term upper yellow trend line of chart pattern and white trend line of channel is our resistance.
based on Elliott wave 100% projection of wave followed by our first yellow chart pattern has finished its first projection target. so our current chart pattern at the bottom with upside breakout will trigger trend reversal. as long as price trading blow upper white trend line it bearish and price will trader for its next 138% projection
Coal India - Gold in the Coal Coal India - Finally making a move out of the rectangle with a cup n handle... This is a gold digger.. 190 1st Target, 2nd is 210 and then it has a huge scale up possibility. SL: < 125.
Disc: Not a SEBI Registered. I post charts for my own study.
COAL INDIAClassical volume contraction pattern
given break out with good volume.
OI buildup & delivery quantity percentage is much more higher than previous 10 days.
Broken Channel and TrendlineStock Analysis: Coalindia has broken the trendline and channel it is good buy around marked demand area for conservative entry
for the given target on chart.
Coal India .......rise or pull back ???Coal India........ breaks out cup and handle pattern...
Trading levels marked........
Happy Trading............
Coal India long and short term buy coal india has formed a pattern in daily time frame and has broke out
it is very good signal for buy in even short term and long term
COAL INDIA - Breakout of Cup and Handle pattern on daily chartCoal India was facing resistance to clear 155-160 level.
Today It gave breakout with a very good volume.
Pattern here is formed was cup and handle.
Whenever stock gives range breakout with good volume it is likely to give a big move and target should be (Breakout price - CUP formation Low) which is (160 - 125) from the Break - out level.
So Estimated target can be 195.
180 is a resistance level as per chart.
COAL INDIA IS BREAKED THE IMPORTANT RESISTANCE COALINDIA IS BREAKED UP THE RESISTANECE IT WAS THIRD TIME BREAK OUT IT FORMED INVERTED HEAD AND SHOULDER PATTERN IT WAS EDUCATION PURPOSE ONLY.
Coal India - C&H pattern breakout with volume confirmationToday stock has given breakout in C&H pattern with good volume confirmation.
Stock has finally surpassed 161 hurdle and able to close above it with 162.65 price.
One can go long with SL of 143 and target of 190.
Apart from this Coal india's result is on Monday and hope that result will be on favourable side.
If any one want to go with more security than one can put SL at 159rs.
Coal India - Cup and Handle FormationWait for the Breakout
***Risk Traders can enter after the breakout
***Others can wait for the retest after breakout
Buy coal India buy abv 153.50
stop loss 143
pattern : cup and handle
trgts on the charts
Disclaimer: The above is shared just for educational purpose and is my personal view.
By no means shall I be accountable for any debits/losses amounting out of it.
I am not a SEBI registered Analyst, so please consult your Investment Advisor and take rational decisions
Coal India Exactly going As Per LevelsAll Levels and info abt Chart Shown
BREAKOUT of 156
POST VERY BULLISH COULD REACH LEVELS OF 180
Its results will be much higher than last qtr so be invested
Thank You
Samkit Jain
Box in coal indiaCoal India is forming a box pattern and also respecting the trend line. Keep on watchlist for breakout. Levels are mentioned in chart
Long on COAL INDIADiagonal Trendline is the next target, this trendline is from 2015, it should give a breakout after breaking this trendline, and by next quarter can expect 210+
Buy for medium term till the next quarter, by sept can expect 210+
Coal - 5 th higher towards 160+ might have begunA deep 4th wave might be over and stock now headed towards 160+
