Stock analysis Coal India Limited COALINDIA

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Moving Averages for Coal India Limited

5Day Average: 451.93
12Day Average: 448.1
20Day Average: 447.37
50Day Average: 444.13
100Day Average: 415.84
150Day Average: 382.38
200Day Average: 347.07

COALINDIA Indicators & signals

Indicator MACD (12,26,9)

448.67, 445.16, 2.78
Indicator MACD is in positive zone

Indicator ADX (14)

5.08, 22.69, 20.49
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of COALINDIA Coal India Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
30 Tue Apr 2024	454.30	452.05 to 458.40	0.23%	0.83 times
29 Mon Apr 2024	453.25	450.55 to 458.70	-0.56%	0.73 times
26 Fri Apr 2024	455.80	452.20 to 460.45	0.74%	0.99 times
25 Thu Apr 2024	452.45	441.75 to 454.00	1.94%	1.49 times
24 Wed Apr 2024	443.85	441.15 to 448.70	0.66%	0.9 times
23 Tue Apr 2024	440.95	439.25 to 445.75	-0.45%	0.74 times
22 Mon Apr 2024	442.95	438.00 to 444.50	1.76%	0.88 times
19 Fri Apr 2024	435.30	428.05 to 438.60	-0.75%	1.05 times
18 Thu Apr 2024	438.60	435.15 to 456.80	-3.22%	1.5 times
16 Tue Apr 2024	453.20	446.35 to 456.40	0.49%	0.68 times
15 Mon Apr 2024	451.00	441.10 to 455.80	-1.01%	1.05 times
12 Fri Apr 2024	455.60	452.55 to 463.45	-0.16%	1.54 times

Technical analysis forecast of Coal India Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Coal India Limited COALINDIA at this time. Stock is rising and might rise more.

It appears as if Coal India Limited COALINDIA gave a large move recently.

Stock of Coal India Limited (COALINDIA) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Coal India Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Coal India Limited stays above 452.8, but if it comes below 452.8, then a intra day sell could be more profitable.
If you take a sell trade below 452.8, then use 452.8 as stoploss and 446.51 as target. However if you take a buy trade in Coal India Limited, then use 452.8 as stoploss and 460.2 as target.

More indepth analysis on MunafaSutra.com