Coal Indian #indaia #coal #nifty50Coal Indian is long time farm brekout... So we can but a swing trading.... thankyou
COALINDIA trade ideas
COAL INDIAshort term target of 185/186. sl of 177
Shows a bottom formation.
Correction likely to end for a while from here. Upside of 220/30 looks possible.
Moreover, findamentally when there is a choas on shortage of coal, COAL INDIA (market leader in coal production) will look for alternatives or look to balance the demand-supply of the coal. Risk reward looks very favourable from here
Coal India Short Term ReversalThe stock has reached the lower trend line and might take support and undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals.
Don not sell a single share of coal before 300# Goldilocks situation has happened in Coal India
1. There is massive demand for coal due to global energy crisis emanating from china and prices shooting up. Similar situation in India.
2. Super low valuation with just next 5 year profit sufficient to cover the market value coal india is trading today. This can easily climb to 10 times as many many growth stocks are trading at next 40 years profit.
3. Because of ESG stupidity this stock has been totally dejected and now acutely under owned.
# the stock is trading at 60% discount from all time high of 450 level it touched in 2015.
# once the stock is run up and institutions have built position, the narrative of monopoly, essential commodity and several other logic will spread. So don't bail out institutions by selling your shares cheap. Coal India is expected to payout at least 80 rupees in dividend in next 5 years. so there is very little downside of holding this opportunity tight.
# but one should maintain the discipline of portfolio allocation and dont allocate to any opportunity beyond what one can digest.
Coal India - Not yet there. Wait & Watch out! Its getting thereCoal India Ltd.
Not a lot to say, but for those who are stuck at top.. don't loose hope.. Time is coming.
Wether it will start a new and and its first Bullish structure or just a corrective one, that time will tell. However one thing is for sure. It will reverse and rebound for sure.
Cup & Handle formation. Can see a cup and handle formation in Coal India,
Facing resistance @160-161 level, As per RSI it is presently in overbought condition, if it manages to break past first resistance..exect second resistance at 180 level. Long term target is 190-200.
This is my personal analysis and not a recommendation.
Kindly do your own analysis and then only invest.
Regards.
COAL INDIA Stock to watchout ❗❗❗🛑 Coal India stock formed an falling channel pattern in monthly Time frame
🛑 Trying to breakout the channel
🛑 Volume is good above the 100 Day moving average volume
◽Now stock is trading at nearly 2 year high
◽ Shortage of power in China will rise the demand in energy sector's of India
🛑Stock to watchout
🎯 Short-term Traget 220
Do like and follow for more , have a nice day 😊
COALINDIA Daily TimeframeSNIPER STRATEGY
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Coal India forms Morning star on weekly charts# Coal India has taken support at a trend line and 50 wk avg line and formed a Morning Star pattern (reversal pattern)
# Formed a lower low
# 9 wk high volume
# Strong closing on Friday and week in spite of 3.5/- ex dividend this week.
# Fundamentally on growth side there is both price and volume uptick expected post monsoon on coal front, so the market should start pricing in better earnings and dividend in FY-22 and FY-23
# valuation wise the stock is trading at just 6 times FY22 EPS and a dividend yield of 9-10% whereas fixed deposits are earning 5% for 1 year
# The bull market is expected to pull the PSU stocks along as that section is very cheap compared to rest of the market. The narratives will follow.
