Coal India Is Looking Strong for 430 Coal India Chart is Looking Very Strong and Heading Towards 430+ Levels
Fundamental Analysis -
Stock is having good asset value and backed by govt
Need for coal is higher day by day
Monopoly Business
Technical Analysis -
Broken Out Monthly TL And Retested Same
3 White Crows On Monthly Chart is Strong Bullish Sign
Target 1 is around 430 , next target is 600
Disclaimer - Analysis Shared is Only for Educational Purposes
COALK2025 trade ideas
Coal showing strong downside to 177 - Watch out with companiesDescending Triangle formed on coal and the price recently broke out.
Now with coal commodities, no matter how well a company is doing - the futures trumps any company.
This is because coal is already at low prices of production and when the price drops, company revenues and profits drop with it.
Think of supply and demand.
More supply results in drop in demand which lowers the price.
Price<200
RSI<30
Target 177.54