Coal India is Offering for Sale (OFS) its shares at 5% Discount on Retail. The Current Price is 275.85 and the Company is offering its shares at 266 (Floor Price) from 9:15 AM to 3:30 PM for 31st October and 1st November. If we are able to get our hands on this share at a price of around 266 area, it would be in our Buy Zone of the Symmetrical Triangle. We could...
Perfect re-test of the structure for Coal India: Confirmation of two pin bars...bearish..followed by bullish Here is the plan: Buy with stop loss below the previous pin bar (Green) SL: 274.2 TP1 :283 TP2 : 290 Follow me on NSETradePlan Telegram
Excellent bottom fishing opportunity in Coal India Ltd. Its trading near IPO Rate(Rs.245). This zone is major support point( Analyze coal India's behavior during Aug 2013 to Feb 2014). Nearly 2cr quantity traded on major reversal day(17 Aug 2017) which was highest since Feb 2015. All in all excellent risk reward zone to initiate the trade.
Coal India is forming bearish Bat pattern and CD leg may extend till 420+ in coming weeks. Longs can be initiated in Coal India at cmp 276 keeping stop at 270 for 420+ tgts in coming weeks. Short term players may target for 285 to 300
Coal India seems to be struggling at current level of 277. With lower High and lower lows on daily charts. With Nifty Index under pressure coal india may be break support of 275 level. Trading strategy : Short below 277 Target Price : 250 Stop Loss : 290 Reward to Risk - 2:1 Trade Safe.
CD Leg unfolding holding abv 318.
EMA - 50 Crossed 100 that means price will take support of 20 EMA i.e. future buy expected between 313-316 RSI - enough upward space for 5% movement upwards MACD - is above 0.00 and BULLISH we can expect less i.e. alteast 5% upward movement confirmed otherwise we would have expected 15% movement it this cross over would have happened below 0.00
Stock bounced from 78.60% Fibonacci retracement. 1st wave of the next impulsive structure looks completed. Monitor 2nd wave corrective pattern after which wave-3 will start.
SHORT COALINDIA for TGT=307.5
Hey Guys, Happy Monday... We got one of the broadening types of wedge pattern and right now CoalIndia is moving between the upper n lower trendlines of wedge pattern. We can't trade at this moment using this pattern. But wait for the breakout,Once the breakout happens enter the direction of breakout. Sometimes due to volatility of market false...