Thursday, September 3, 2015

TECHNICAL ANALYSIS OF COALINDIA & DAILY CHART

FUTURE :

“BULLISH COALINDIA ABOVE 348 TGT  352/357” 
“BEARISH COALINDIA BELOW  345 TGT 342/335”
DAILY CHATS

After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 359 as the stock is managing to sustain above the level of 348. One may get the targets of 457,470.
DAILY AND WEEKLY SUPPORT AND RESISTANCE FOR COALINDIA
COALINDIA levels generated based on 2015-09-03 data for the next trading day.
Daily
Level
R5
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
S5
373
365
358
354
351
348
345
342
339
337
332
325
318
COALINDIA Weekly levels generated for the week starting from 2015-08-31
Weekly Level
R3
R2
R1
REVERSAL
BULL
LOC
BEAR
REVERSAL
S1
S2
S3
389
378
372
363
361
359
357
354
346
340
333
SIMPLE MOVING AVERAGES
Days
BSE
NSE
30
390.03
389.97
50
403.32
403.33
150
385.36
385.45
200
381.30
381.40

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