COALINDIA1!27-11
Daily chart of COALINDIA1!
Manual trend and 200 EMA are bullish
Candles seem to be taking support on the manual trendline
support at 209.50 (manual) and 207.20 (200 EMA)
resistance at 239.80 and 263.90.
Can expect that the highs of 263+ will be tested if the resistance at 240 is breached.
COALINDIAM2025 trade ideas
#coal bullishVery strong impulsive move on coal. Combo 13 might put a pause on this run, however I will update if price makes a shallow pullback and gives a nice 25% extension buy.
Impulsive moves like this provide great opportunity. The China's energy crisis might last for a while so energy-related commodities can make another leg up.
COAL INDIA - FUTURESCoal India seems to be taking out previous weekly highs and inching towards 170, 175 and eventually maybe 180
It can be a long with stop loss of 159-160 for above targets, being a slow mover it ll test you so be patient and trail stop losses.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
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1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
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5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
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