Coal India has been very bearish on Daily time frame and is not able to give price action movement of bullish nature. Thus a recent break of support line and testing its once it is now going to test it second time, though the prob. falls in the second time for retracement but still a price action confirmation can lead us for a short entry.
Coal India is trading in a channel and now showing upward movement though 130 is another critical level to watch. It's had closed above this level and in coming week if world market and nifty opens positive this could reach 145 - 150 level which are other resistance levels to watch and in my view this will break this time with stronger volumes. Levels are given...
Coal India Triangle Breakout , targets on chart
Coal 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
When the line breaks it goes Up.. Others going down...
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.
* Overall Trend Is Down In 1W , 1D And 75 Min Chart . * Price Came In Havy Supply Zone , Consolidating Here . * Rsi Giving Negative Divergence , ( Buyers Are Getting Exhausted ) If Price Go Below Consolidation Candles With Vol . Then Go Short .
Coal India - long term - Channel Pattern - tg 160 - 10 days - so - break of trendline or 140
mining and minerals industry doing nothing for investor. top 5 companies who belong to this industry, they all are in a sideways, 5 years time frame. and this stock is the leader of this industry and its strange that this stock is in a downtrend since long time.
COAL INDIA - INVESTMENT IDEA FOR 100% RETURN WITHIN A YEAR
COALINDIA (Coal India Ltd) BUY ABOVE 213
SHORT COAL INDIA SL 193 Tgt 183.6 180.55 177.65
COALINDIA (Coal India Ltd) BUY ABOVE 206.5
COALINDIA (Coal India Ltd) SELL BELOW 196
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