The defender led his side to a first victory in seven matches after second half goals from Raul Jimenez and Diogo Jota, which sent Molineux rocking in the second half.
Post-match celebrations spoke volumes of the importance of the three points as Wolves returned to winning ways after a frustrating run of results.
“It was special, the character of this club shone through,” said Coady. “I think the most important thing was sticking to what we know and when the chances came we took them incredibly well.
“I know they had a lot of the ball, but we stuck in our shape and we were organised. I thought we were a bit unlucky to go 1-0 down but the boys bounced back and it’s huge.
“In terms of how we want to play and how we do things, it was there on show tonight. It’s a really good performance from everyone. We’ve always had character and we trust the players that are here.”
Wolves had last won at Crystal Palace back in October but worked hard and were rewarded for sticking to the manager’s plan, which involved a fresh tactic of a long throw against the Blues.
“The most important thing was that the belief never went. The manager has fantastic ideas of how he wants to play and we’ve listened to him and not gone away from it - he speaks all the time about identity.
“The Gaffer’s ideas are fantastic, we listen to how he wants to improve us and get better. He put it on us after Cardiff on how we could improve, and he put ’Benno’ on the long throws and they were hurting them.
“It was a way of getting inside Chelsea and it causes bedlam when a long throw comes in. They’re hard to defend and caused problems, and it’s something we wanted to add to our game.”
Coady was particularly delighted for Jota, who scored his first goal of the season in front of the South Bank, and has now called on his team mates to back up the result at Newcastle on Sunday.
“We believe in Diogo as a group, he’s such a fantastic player, and he’s a brilliant young lad with a bright future. To believe in himself and show the character to come through not scoring a goal, then to do it on a stage like that against Chelsea was really special for him.
“It’s huge for us, it really is. We want to keep on improving, we’ve showed tonight that we can play different ways and find different ways of winning.
“We want to go to Newcastle and play our way, show our identity and hopefully get the win.”