COALINDIA trade ideas
COALINDIA's Black MagicCoal india is poised to test the sell zone however it is also heading to test the cluster POC from where a stark selling pressure can arise. Good to sell PE options in the stock
finding an edgetrend is sideways...
has made double top ..
has broken up the support
which is now working as a resistance so called retest level..
intrested for selling set up
Let the Games Begin...as i thought this baby is ready to go party resting beautifully on the 50 and 99 day on the daily and 4 hr .(GOOD FOR INTRA DAY )
Going to meet our friend the 200 day and knock him down fiercely so expect Wednesday to be a bog move by this one .
165 first target and 183 next the other targets on previous HTF chart .
Hang around for the fun once the downtrend line is broken on the HTF.
Only way is UP....Everyone is wondering whats going to happen with the auction of 41 blocks of coal by the government and how private players will operate this dying company ?
My bet is we go up for the next few weeks and 271 is where we may just range and consolidate for a bit.
Till then this is a buy the dip mode.
Short term chart to follow.. assuming its bullish and painting a flag of some sort..
Oh , yeah the downside is fairly limited so feel free to go big on size .
DO NOT GET ATTACHED TO IT .pay yourself .
COALINDIA - Bullish SharkDate: 12 Jun'20
CMP: 134.65
PRZ: 127.45-125.05
Stop Loss: 121.45
Chart by Bullish_Eye
COAL INDIACan be a long for a target of 149.45, 152.45 and 155 with a sl of 144.75
Current mkt price 146.75
Coal IndiaWe've seen Multiple Rejections from displayed Resistance.
Traders can trade accordingly in both sides and get good returns.
Maintain Proper risk management.
Do Line & Follow for further updates.
COALINDIA - Short term uptrend Coal India closed above 50 EMA / near RSI 60 with good volumes.
Also currently at trend line resistance.
If cross 144 level we can see 156 level, however need to trade as per market trend on Monday.
COAL INDIA 2020 ANALYSISSEE THE SCRIPT
BLACK LINE ACT AS SUPPORT AND RESISTANCE
IF U LIKE THE ANALYSIS THAN DO HIT THE LIKE BUTTON & THANKS FOR THE COMMENTS.
Long between 128-130.80#CoalIndia is a good buy between 128.00-130.85 with a SL of 125 for a target of 132.4/134.5/141. Risk averse traders should wait for breakout above Darvas box 130.85.
Long coal India as per Bat pattern formationA Bat Pattern is forming one should take a conservative trade after completion of Bat Pattern Formation
Stop Loss and Targets are as mentioned in the charts
Coal India ,Buy At = 152.45/- ( Ac-15 m)Coal India Buy At 152.45/- INR Close Above 152.45/- in MIn Time Frame
