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.
#COALINDIA trading 189 formed bearish patern, today trading higher level near our retracement level, we can sell around 187-189 and tgt for 177, posistional tgt 166 and follow SL 196 closing basis.
#COALINDIA last trading session formed bullish patern, today trading higher level from our retracement level, we can buy around 155-165 and tgt for short term 179, posistional long term tgt 204 and follow SL 149 closing basis.
Very 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 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. ...
coal india can give breakout from fallign wedge next trading ses