Saturday, September 25, 2021

Coal India My Technical view share here on Date 25-09-2021.

Coalindia 1st chart show that its break more then 2 yrs falling trend break in 2-3 Month before and then after its test that trend line again and start up side journey.

As per this 2nd chart we see short term Rising Wedge pattern on chart.Pattern up side Resistance Line is near 174 so in coming week it may be near 175. So is important number for more upside.


As per this 3rd chart we see some Fibonacci Retracements of previous swing level  of 271.45 to 109.55. Is 50% near 171.40.  So if Sustain above that is also important for next up move.

As per this chart we see its cross last 2 swing top which Higher Top Higher Bottom formation with good volume. 21w and 34w EMA slop also upside.

As per this last chart we wee some moving averages on price. After a More then 3yrs 1st time 20w MA (Yellow line) cross 100W MA (Gray Line). which show short term trend turn positive then higher term trend. which also indicate that up side move is strong if come.

So Summary is that this Coalindia Long strong up move in coming time. one can close watch it and take own decisions or contact your Financial Advisor also.


Have  Great time.

Weekly charts for 27-09-2021 and there after.

 Gujalkali 1st chart show that is trade in Rising Wedge this week cross upper line of wedge and close above that with good volume also.

2nd Chart show that last more then 2yr swing top also cross and close above that. Find 200w SMA support and bounce sharply, is indicate that strong up move in coming days or week.



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Welspunind looks good as per below chart. after good consolidation its cross that level with good volume and close above that also on weekly charts So coming days we may see more up side move..

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Fluorochem chart show that is in consolidation phase, if cross 1825-30 zone and sustain above that and volume high then we see good breakout in this stock. One can close eye on this stock for good possible up move.