COALINDIA trade ideas
COAL INDIA LTD: Investment OpportunitySl- 143
As coal India is not a part of Environmental, Social and Governance(ESG) portfolios, and big fund managers are not adding to their portfolios.
But as coal India is moving towards sustainable energy resources its demand is also increasing which can be seen in the price action of charts .
DII holding has also increased.
Maintain a Sl and it will be good bet for long term.
Post query in comment section.
COALINDIA TRADE SETUPTrade reason:
Coal India on weekly chart form inverse head & shoulder pattern( bullish)
which has resistance area 149 to 155.
last 2 week share form INSIDE BAR CANDLE PATTERN.
mother candle of inside bar candle high 159.70 and low 137.10..
because of inverse head and shoulder pattern we only look for buy side..
SO BUY IF CROSS ABOVE 160.. IN THIS CASE IT WILL BREAK H&S pattern and INSIDEBAR pattern also.
Swing Trade : (1-3 month)
because of analysis on weekly chart
BUY 160
SL 143
TARGET 181 AND 214
Coal India - Looking for one move higher towards 175 or higherFib channels suggest a move towards 175-200 in coming weeks
Stock cheap with god dividend yield
Coal india cup and handle formation accumulate nowCoal India after a long run it is now in a correction times and in formation of cup and handle pattern. Where you can accumulate till the curve and at the blue support zone.. it will give good break out rally above orange horizontal line.
✌
For learning purposes only..
NSE:COALINDIA
COALINDIA - THE BLACK DIAMONDCOAL India made high around 156 and today tad below 150; this provides excellent buying opportunity (LT); stops suggested is below 135 for move towards 200 Plus. Host of indicators suggesting basing pattern and monthly close above 160 brings bigger momentum.
COAL INDIA BREAKOUT1. Coal India Breakout of 152-154 range, could be a great long with stop loss around 149.
2. Volume gradually going up.
3. Golden cross (50 and 100 EMA).
COAL INDIA_AT MAR20 PRICECOAL INDIA can be seen trading at the rate which was earlier in mar20.
One can go long when it gives breakout of a trendline.
(for educational purpose only)
COALINDIA - THE BLACK DIAMOND COAL INDIA has been languishing and still not seen as the pace to be in. This low risk high reward place is in the processing of waking up. With stops around 125 provides very good opportunity for 155 area. Longs suggested as medium term Gold Mining process.
07/05/21 ANALYSISDO NOT TAKE OR HOLD ANY POSITIONS IN MARKET BASED ON MY ANALYSIS . DO ASK YOUR FINANCIAL ADVISER BEFORE TAKING ANY POSITIONS IN MARKET.
WE DO NOT HOLD OURSELF RESPONSIBLE FOR ANY PROFIT OR LOSSES IN MARKET. THIS VIDEO IS JUST FOR EDUCATIONAL PURPOSE.
