NSE:COALINDIA BSE:COALINDIA
Flag pole trade set-up
Gains: 4%
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
COALINDIA Observations:
----->The previous resistance level of 234 is once again proving to be a hindrance, although buyers have managed to push the price up.
It's advisable to stay in a long position until the price drops below 225.
If you're looking to invest, consider going long with target prices set at 240 and 246.
As we are currently in an uptrend, it's...
Descending Triangle formed on coal and the price recently broke out.
Now with coal commodities, no matter how well a company is doing - the futures trumps any company.
This is because coal is already at low prices of production and when the price drops, company revenues and profits drop with it.
Think of supply and demand.
More supply results in drop in demand...
Stock 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...
Hi
Coal India look attractive on current level & it should be in your portfolio on every dip for 2 months time....it will give good return.
Best of Luck....!!!
Stock Analysis: Coalindia has formed raising wedge pattern on weekly time frame, looks good buy around marked demand area or breaking above the supply zone with below demand level as stop loss for the target given on the chart for long term.
Let's see
Happy investing!
SNIPER STRATEGY
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
