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Price and trend forecast of COALINDIA for Tomorrow, Weekly, Monthly

Coal India Limited

Symbol: NSE:COALINDIA

ISIN: INE522F01014

494.45

As on 2024-05-27

223.25 (52W Low) 507.35 (52W High)

COALINDIA's Today's Performance

Coal India Limited started the day by opening at 502.95 today 2024-05-27. Its shares reached a high of 503.00 and dipped to a low of 490.75 in intraday. When the markets closed, COALINDIA’s stock price settled at ₹494.45 per share. Also check out its key support and resistance levels.

COALINDIA Buy/Sell Targets

Tomorrow, sell COALINDIA when its price reaches ₹ 494.45 with a stop-loss order at ₹ 501.15. You can set the target price as ₹ 487.75 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of COALINDIA for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for COALINDIA

Downside Targets Value in ₹
Tomorrow Down Target 1 501
Tomorrow Down Target 2 508
Tomorrow Down Target 3 514

Important Levels for COALINDIA

Holding Levels Value in ₹
Tomorrow Up Target 1 489
Tomorrow Up Target 2 484
Tomorrow Up Target 3 477
Based on where the stock opens tomorrow, if COALINDIA opens on a positive note, our first target will be ₹501. If Target 1 is achieved, we will aim for Target 2 which is ₹508.

But if COALINDIA falls below the average value of ₹496.07, you can enter a sell side position with target number 1 - ₹489 and second target - ₹484 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of COALINDIA

Looking at COALINDIA, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, COALINDIA has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for COALINDIA is moderate bullish.

Tomorrow's Volume based share price Forecast for COALINDIA

COALINDIA's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -2%.

Reversal detection for COALINDIA

Predicted trend chart of COALINDIA tomorrow for price forecast
COALINDIA may trend may continue to be bearish since stock is making lower low and we can get target of ₹499 in morning tomorrow
Target 1 tomorrow501
Target 2 tomorrow504
Target 3 tomorrow508
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with COALINDIA's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if COALINDIA opens on a positive note, our first target will be ₹501.38. If Target 1 is achieved, we will aim for Target 2 which is ₹508.32.

But if COALINDIA falls below the average value of ₹496.07, you can enter a sell side position with target number 1 - ₹489.13 and second target - ₹483.82

COALINDIA's Weekly Targets
1st Up Target 501.38
2nd Up Target 508.32
1st Down Target 489.13
2nd Down Target 483.82

As the week for COALINDIA ended on bearish sentiments, we can expect further continuation of this sentiment. COALINDIA's initial target will be 501.38 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 489.13 in the upcoming week.

Weekly OHLC Values
Open 502.95
High 503.00
Low 490.75
Close 494.45

Week for COALINDIA started with an open price of 502.95, and the close was at 494.45. COALINDIA reached the highest of 503.00 and dipped lowest up to 490.75 last week. This indicates a bearish sentiment for the week.

COALINDIA full month swing targets
Monthly Up Target 1 513.63
Monthly Up Target 2 520.57
Monthly Down Target 1 476.88
Monthly Down Target 2 459.32

Targets of ₹513.63 can be expected to be reached in the coming month. Once COALINDIA achieved this target, we can aim for the next upside target of ₹520.57.

COALINDIA if fails to hold upside, down targets of ₹476.88 and ₹459.32 can be achieved by end of this month.

For complete three weeks if COALINDIA is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as COALINDIA

Symbol Name Industry
RELIANCE Reliance Industries Limited Oil & Gas Refining & Marketing
ADANIENT Adani Enterprises Limited Thermal Coal
ONGC Oil & Natural Gas Corporation Limited Oil & Gas Integrated
COALINDIA Coal India Limited Thermal Coal
IOC Indian Oil Corporation Limited Oil & Gas Refining & Marketing

Summary

COALINDIA is expected to reach the target of 501.38 in tomorrow's trading session.

After achieving the initial target in COALINDIA, we will aim for higher targets of 508.32 tomorrow.

However, if COALINDIA starts to trade below ₹496.07, then we will shift our focus to the sell side and aim for down targets of 489.13 and 483.82.