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Coal India

Discussion in 'Technical Analysis' started by ggchavhan, Aug 24, 2012.

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  1. ggchavhan

    ggchavhan New Member

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    I think Coal India going toward some good move if it closes above 367 then next target is 390.
    Please correct me if wrong
     
    ggchavhan, Aug 24, 2012
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  2. sujan4bw

    sujan4bw Member

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    Can you please provide your analysis by attaching chart which you have analyzed.
     
    sujan4bw, Aug 24, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    6 Months chart has given a break out and Gajanan you are bingo on the levels. Keep going.
     
    shabbir, Aug 24, 2012
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  4. Suresh_Sinha

    Suresh_Sinha Active Member

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    Coal is making news everywhere these days.
     
    Suresh_Sinha, Aug 24, 2012
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  5. ggchavhan

    ggchavhan New Member

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    Sujan
    As shabbir mentioned it has crossed 6 Months high.
     
    ggchavhan, Aug 24, 2012
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  6. sujan4bw

    sujan4bw Member

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    yes I saw the chart, it looks good. Nice pick
     
    sujan4bw, Aug 24, 2012
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  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Coal india has breakout ascending triangle and looking good above 368 with stoploss of 360.
    Correct me if I am wrong.
     

    Attached Files:

    sanjay_sansanwal, Aug 24, 2012
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  8. sujan4bw

    sujan4bw Member

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    Sanjay, its ascending triangle and also in between it has Head and shoulders pattern. Yet the stock didn't come down, so going strong.
     

    Attached Files:

    sujan4bw, Aug 24, 2012
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  9. ggchavhan

    ggchavhan New Member

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    Still this stock hadn't close above 368.
     
    ggchavhan, Sep 3, 2012
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  10. misabah

    misabah New Member

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    Good Day All,
    Nice study, waiting for breakout, can anyone tell will it lead along nifty, i mean nifty has to support this upmove for coal india, and i feel nifty testing support at 5250 psycological level.
    Please comment!!
     
    misabah, Sep 3, 2012
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  11. shabbir

    shabbir Administrator Staff Member

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    Nifty above 5400 was needed which it could not sustain.
     
    shabbir, Sep 3, 2012
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  12. ggchavhan

    ggchavhan New Member

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    Dear Shabbir

    Still Coal India not closed @368+, does it means waiting for breakout?
     
    ggchavhan, Sep 11, 2012
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  13. shabbir

    shabbir Administrator Staff Member

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    Yes we should wait or you can trade based on anticipated breakout. Check out the ebook for that.
     
    shabbir, Sep 11, 2012
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  14. verenmitter2001

    verenmitter2001 Member

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    Hi Shabbir
    This stock can be short as it has broke 333 support level.
    Please give your views.

    regards
    veren
     
    verenmitter2001, Feb 23, 2013
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  15. shabbir

    shabbir Administrator Staff Member

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    Yes perfect candidate for shorting and target of 300 looks achievable.
     
    shabbir, Feb 23, 2013
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