COALINDIA trade ideas
Swing Trade for COALINDIALong Entry for COALINDIA: at a support zone in the trend line, being followed from October 2020. In weekly chart, we also see a long lower tail candlestick at the trend line support zone on the week 20 Dec 2020.
Buy between - 146-150
Stop loss - 138
Holding Period - 2-3 weeks or longer
Note : If you risk to trade this idea, you alone will be enjoying it's profit as well as the loss, if something goes wrong.
Happy Investing :)
COALINDIA LONG-TERM VIEWToday COAL INDIA closed over 200-day EMA backed by a high volume trading.
Also breaks the downward weekly trend-line followed from August 2015 on a daily basis. If it stays above the trend-line for this week, we can go long for couple of weeks.
Next Support levels to watch:
Support 1 = 162.20
Support 2 = 172.80
Check out the link to my previous Swing trade idea for COALINDIA.
Happy Investing :)
Swing Trade Opportunity in COAL INDIABased on Daily Timeframe and Weekly Timeframe, there is a possible Swing Trade Opportunity in COAL INDIA. The targets can be approximately around 160 and 190.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
30% up trade best ever low riskCoal is undervalued stock from last 1 year it is playing around 160
Last time it tried to break 200 but failed cup formation leads to lower circuit
But again coal india is ready for next cup formation
If long then 30 to 35% return with low risk appetite
Coal india is fundamentally strong stock but remains undervalued
Let's take advantage of that
Happy investing,
Samkit Jain