Key Points:
Price Movement: In October 2020, the stock traded at an all-time low of ₹109.55. Recently, it made a new high of ₹507.35.
Trend: The stock has been gradually moving in an uptrend, with the 20, 50, and 100 EMAs being surpassed by the stock price.
Dividend Yield: 5.08%
Investment Consideration:
Coal India has shown consistent upward movement and strong technical indicators, making it a favorite in the PSU stock category. It has been added to my watchlist and portfolio.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult a financial advisor before investing. The author is not SEBI registered and is not responsible for any financial losses based on this analysis.
Conclusion:
Coal India Ltd demonstrates a strong uptrend and favorable dividend yield. It is a promising addition to a portfolio focused on PSU stocks.
Price Movement: In October 2020, the stock traded at an all-time low of ₹109.55. Recently, it made a new high of ₹507.35.
Trend: The stock has been gradually moving in an uptrend, with the 20, 50, and 100 EMAs being surpassed by the stock price.
Dividend Yield: 5.08%
Investment Consideration:
Coal India has shown consistent upward movement and strong technical indicators, making it a favorite in the PSU stock category. It has been added to my watchlist and portfolio.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult a financial advisor before investing. The author is not SEBI registered and is not responsible for any financial losses based on this analysis.
Conclusion:
Coal India Ltd demonstrates a strong uptrend and favorable dividend yield. It is a promising addition to a portfolio focused on PSU stocks.