Market insights
COAL INDIA: Possible entry on long position.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.
Coal India favoriteone 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 - 30.
chart will turn bad below 205 watchout for that level as sl.
Disclaimer - views are educational purpose not recommendation please take your advisers view before investing.
COAL INDIA make a Bearish Circle 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 move so be attentive and carefully
Coal India In A Weekly Timeframe Coal India is looking bullish on chart for short term positional trade.
The Mother Candle along with Inside Candle Concept is widely used by trader universally.
This pattern is considered to be a high probable trade setup and is also one of my favorite trading setups for intraday / swing / positional.
One can look for entry between 228-230 provided a daily candle closing above the mother candle. (candle closing above mother candle is a must)
Will suggest a tight stop loss of 210 incase the setup fails. (Note: No setup is 100% probable, so managing risk & position sizing is a must)
Disclaimer: Not an investment advice. Do your own analysis, research and manage position sizing according to your risk taking appetite.






















