COAL INDIA cmp 381.75
Expects positive for Coal India after the news that the Company is mulling entering into the mining of critical minerals, including lithium
Strong fundamental and attractive dividend yield will be positive for Coal India
Buy COALINDIA with the target of 408
7.30% Upside Potential
Coal India Chart is looking strong on weekly time frame. we can consider this stock at current market price 375 for long term . In Coming week we will see this stock at 450 levels .
Coal India Has given a breakout on weekly TF with huge volume spurt.
Strong Uptrend on Chart.
Company has delivered good profit growth of 31.9% CAGR over last 5 years.
Debt to equity - 0.08
CUP & HANDLE BREAKOUT - SUGGESTED IN 4TH SEP 2023
Entered at - 290
Targets - 345,445+
Target 1 reached & given 92 points (32%) Given
CMP - 376
Re-entry possible at 345 level.. if again falls than you need to average at 295 level
@Jagadheesh_JP
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make...
Stock Name - Coal India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 370
#This is not Buy and Sell recommendation to any one. This is for education...
However, the retest is pending. Cup with handle at the bottom also seen. Breakout has been confirmed but retest is not done.. What do you think? Retest is due or stock has gone to a new trajectory? I feel retest may happen.
TECHNICAL ANALYSIS -
ROUNDED BOTTOM/SAUCER PATTERN :
An inverted bottom was formed in the monthly chart of coal india from 2nd may'19 to 2nd may'22 and it was broken out afterwards
REVERSAL FROM 50D & 100D SMA :
Market has taken reversal from 50D & 100D sma crossover on daily timeframe after hovering around that zone for a very long time
STRONG...
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register.
coal india has changed its structure from downtrend to uptrend by breaking the recent highs and has met our 1st traget, the stock structure is clearly out of downtrend and may consolidate for next 1-2 months and start a strong upward journey
Disclaimer:
not a buy or sell recomemndation as im not a certified person to do that , i am not responsible for any profit...
