Weekly chart of Coal India Limited, and technically it’s forming a classic base breakout with EMA alignment

1️⃣ Structure of the Chart From Nov 2024 – Feb 2026, the stock moved in a sideways consolidation range. Range levels: Resistance: ₹465 – ₹470 Support: ₹370 – ₹375 Recently price broke above ₹470, which confirms a range breakout on weekly timeframe. This is important because: ✅ Long consolidation (~14 months) ✅ Breakout with strong bullish candle ✅ Moving averages turning upward 2️⃣ EMA Alignment (Very Bullish) You are using: 26 EMA 52 EMA 225 EMA Current structure: Price above 26 EMA 26 EMA above 52 EMA Both above 225 EMA This is a full bullish EMA stack. Meaning: ➡ Momentum + trend both aligned. 3️⃣ Range Target Calculation Range breakout targets are calculated by measuring the height of the range. Range height: Resistance ≈ 470 Support ≈ 370 Range = 100 points Projected target: Breakout level ≈ 470 Target ≈ 570 Which matches the projection drawn on your chart. 4️⃣ Important Levels Breakout Level ₹465 – ₹470 Supports ₹445 ₹412 (26 EMA area) ₹405 (52 EMA) Targets ₹505 ₹540 ₹570 5️⃣ Trade Strategy Aggressive Entry Buy between ₹465 – ₹480 Stop Loss: ₹438 Targets: T1: ₹505 T2: ₹540 T3: ₹570 Safer Entry (Higher Probability) Wait for pullback to ₹465. If price retests breakout and holds, that becomes a very strong entry zone. 6️⃣ Hidden Strength in This Chart Three bullish signals many traders miss: 1️⃣ Higher Low Structure 2025 low → ~370 Recent pullbacks → higher lows 2️⃣ EMA Compression Breakout 26 & 52 EMA flattened → expansion starting 3️⃣ Long Base Formation Longer the base → stronger the move. This base is over 1 year, which can lead to multi-month trend.