COAL INDIA: Possible entry on long position.
Stock trading in a uptrend structure in a daily time frame.
Key Structure Support at the level of 208.
After a secondary trend, stock has shown a bullish reversal candlestick pattern with a bullish engulfing candle.
It can be a possible long entry. for the target of 260.
one of my fav stock have watching it from 130 levels.
it is one of the gem or technical analysts - 1. rounding bottom breakout above 208.
2. golden crossover on weekly charts as well.
3. RSI above 60 bullish MACD positive
fibo has fantastic medium term targets for it 275, 365.
shall accumulate on dips that should be seen in near term, best range is 220 -...
COALINDIA is in uptrend on daily level and in 15 min it has made symmetrical triangle. wait for breakout and then we could see upside movement. Thank you.
Coal India make a bearish circle chart pattern and it might be a bearish cup and handle chart pattern in upcoming days or from circle it can give downtrend movement normally and it will face a support zone at 210 - 195 level and as per rsi is 38 in uptrend mood so it can open tomorrow positive but for sometimes it can make a handle of cup and then give down trend...
Coal India is back to its major support on the renko 15 min timeframe
This has been the supporting structure since mid july
Watching for rally or trend break. Trend followers may take a small SL long
My positional view on NSE:COALINDIA
Entry point 232-233
My target would be 245
Stop loss will be 226 Only.
Note: This is my personal view, only for learners
