COALINDIA trade ideas
Coal India In A Weekly Timeframe Coal India is looking bullish on chart for short term positional trade.
The Mother Candle along with Inside Candle Concept is widely used by trader universally.
This pattern is considered to be a high probable trade setup and is also one of my favorite trading setups for intraday / swing / positional.
One can look for entry between 228-230 provided a daily candle closing above the mother candle. (candle closing above mother candle is a must)
Will suggest a tight stop loss of 210 incase the setup fails. (Note: No setup is 100% probable, so managing risk & position sizing is a must)
Disclaimer: Not an investment advice. Do your own analysis, research and manage position sizing according to your risk taking appetite.
COALINDIA looks good for long at 221 for targets of 269-349-447Stock on weekly chart is making higher high & higher low since last 2 years. Now it's trading at 52 week high as well as 2 years high. Seems a good buying zone to me for long term. Swing traders may avoid as it may take more than 2 years also for the final target of 447. Looks good for buying at CMP 221.65 for Targets of 269-315-369-447. Positional traders may book partial profits at mentioned levels, Investors may hold for final target.
Go long For COAL INDIA....On a weekly tf it breaks it's chart pattern.....on a daily tf it gives retest as well .....so if COAL INDIA Breaks the level of 215 ...you can go long on this trade.....T 1 - 230....T 2 - 270
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Note : This is my analysis you should consider
your opinion and take trade on your
basis...Thank you
Coal India Ltd.*Coal India Ltd.*
C&H Formation: Monthly Basis
MultiYear Price Trendline Broken (Upside)
Price / Vol. BreakOut
*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*
*Fundamentally Strong Co*
Reported Strong numbers (Q1-FY23): high domestic coal demand /continued elevated international coal prices.
Supplied 153.2mnte: Power sector (in Q1FY23), up 19.8% YoY.
E-auction volumes are expected to pick up in the coming months as power plants restock.
With Power demand >200GW, dependence on domestic coal to remain strong /e-auction premiums to remain elevated in FY23.
Ministry of Coal’s action plan for FY23: Launched Coking Coal Mission for enhancing production of coking coal from 45mnte in FY21 to 140mnte by FY30, including 105mnte from CIL.
Increasing Sales/Profitability on Yrly/Qtrly Basis.
Strong RoA/RoE/RoCE in Double Digits.
Improving TNW /Increasing Cash Reserve.
Higher +ve Ops. Cash Flow/WC Cycle.
Promoter Stake Stable. FII down/DII up.
*Concern:*
Constraints in coal distribution and evacuation infrastructure.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ/Respected.
Happy Investing :)
COAL INDIA , BUY signal hey guys ,
COAL INDIA stock is showing BULLISH SIGNS
this stock was moving in a pattern called TRIANGLE PATTERN 📐 ,
this stock has tried many times to break that TRIANGLE PATTERN
and now the time has come .
The stock has crossed it's resistance
and it has rested also
And now we can see A GREAT BIG GREEN CANDLE present by this stock
Also , the 20 day ema is above the 50 day ema
this shows that this stock is in a uptrend.
I have marked the RR RATIO , TARGET AND SL for y'all
try to trade according to that ratio or you can adjust it according to you .
BUT FIRST CONSIDER THE GLOBAL MARKET SITUATIONS
1. INFLATION
2. WAR
3. RISING BANK RATES
YOU CAN INVEST KN THAT STOCK
BECAUSE
PROFITS ARE INCREASING
AND THE REO RATIO IS 40%
THEREFORE, TRY TO BUY THAT STOCK
😀😀