coalindia . long above 151 .thare is a strong rasistance at 151 if its broken we can see a big move.
COALINDIA
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.
My View on COALINDIACoalindia should give Trendline breakout above 146.50-147.00
Intraday target 150-155++
we will use TSL from 142
COALINDIA analysisIt's in an uptrend, moving in a channel.
Based on my analysis, this will be a new high in about 180 days. I'm very much confident with this, but always remember to trade with a stop loss.
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.
Buy Coal IndiaBuy Coal India CMP 162 add near 155, Stoploss 142 Target 187
Study: Cup & Handle Breakout
COAL INDIAAs per the Japanese study of Ichimoku Multi Time Frame Analysis, Coal India has activated a C Clamp in daily time frame. As per the study, it could rally till 155 where the Kijun/Base line is currently, with minor resistance at 150 as long as it stays above 144 (fractal low) over the next 10 calendar days till it remains valid.
In terms of R:R and time anticipation the set up looks decent.
Do Your Own Research before initiating and follow levels (both in terms of reward and risk) always.
coal India poised to give a minimum return of 24% in next 2 year# Those buying Coal India around 146 level could generate Rs 35 in dividend income in next 2 years (including the recent announced 3.5/- dividend). That comes to roughly 24% return on investment.
# plus there is potential for upside from appreciation in stock price due to following reasons:
1. Production Increase due to front loading of capex
2. wage revision and consequent pass on of costs to buyers in next 6 months
3. higher auction sales and realization
# Valuation wise the company is trading at a shiller pe of just 6.5 times which suggest that the company has earned its market cap in last 6.5 years itslef on average 10 year profit of 13843 crores. So if the stock is held for around 7 years, it is likely to earn it 90000 crore market cap again plus the future value will still be there in the stock price.
# Its probably ESG theme which is keeping global investors away from this stock. But Coal being an essential commodity in 70% of Indian power generation, it is unlikley to be replaced any soon.
# With Banks FDs generating just 6% return, the earning yield on Coal India is a very attractive proposition.
Coal India.............can it capture 160 levels ??Last week was Open High 164 levels
148 below weak and
142 below more weakness.
132 on the cards soon ??
139 level fulcrum.....
bearish channel white parallel channel
price again making chart patter at the current bottom near 100% projection of wave at beginning of the channel,
until price breaks this white channel it is bearish .
on clear breakout of this channel we have blue horizontal resistance near 38% retracement
on short term upper yellow trend line of chart pattern and white trend line of channel is our resistance.
based on Elliott wave 100% projection of wave followed by our first yellow chart pattern has finished its first projection target. so our current chart pattern at the bottom with upside breakout will trigger trend reversal. as long as price trading blow upper white trend line it bearish and price will trader for its next 138% projection
Coal India .......rise or pull back ???Coal India........ breaks out cup and handle pattern...
Trading levels marked........
Happy Trading............
Coal India - C&H pattern breakout with volume confirmationToday stock has given breakout in C&H pattern with good volume confirmation.
Stock has finally surpassed 161 hurdle and able to close above it with 162.65 price.
One can go long with SL of 143 and target of 190.
Apart from this Coal india's result is on Monday and hope that result will be on favourable side.
If any one want to go with more security than one can put SL at 159rs.
Coal India - Cup and Handle FormationWait for the Breakout
***Risk Traders can enter after the breakout
***Others can wait for the retest after breakout
Box in coal indiaCoal India is forming a box pattern and also respecting the trend line. Keep on watchlist for breakout. Levels are mentioned in chart
COAL INDIA LTD: Investment OpportunitySl- 143
As coal India is not a part of Environmental, Social and Governance(ESG) portfolios, and big fund managers are not adding to their portfolios.
But as coal India is moving towards sustainable energy resources its demand is also increasing which can be seen in the price action of charts .
DII holding has also increased.
Maintain a Sl and it will be good bet for long term.
Post query in comment section.
COAL INDIA_AT MAR20 PRICECOAL INDIA can be seen trading at the rate which was earlier in mar20.
One can go long when it gives breakout of a trendline.
(for educational purpose only)
