Coal India Triangle Formation on Weekly & Daily Time Long

COAL INDIA LTDNSE

Description

⋅ Sep 12, 2021 5:47 AM

Coal India is near a triangle pattern breakout.
CMP 148
Buy above 155
SL 130
Target 205
Duration 3-4 Months

Fundamental Snapshot:
PE Ratio - 6.64
Debt Equity Ratio - 0.16
ROCE - 46.1%
ROE - 37%
Dividend Yield - 10.16%
Operating Profit & EPS - Rising YoY

Comment

⋅ Sep 29, 2021 5:24 AM

High of 197 on 29 Sept.
Target 1 hit.
Trail SL to 185

Triangle Value

Comments

SK_tron

⋅ Sep 12, 2021 1:49 PM

can we expect 170 by this month end?

Aishwarya_Jain

⋅ Sep 13, 2021 4:36 AM

@SK_tron, I am expecting it by October End. It may start the run but better be on the conservative side.

SK_tron

⋅ Sep 13, 2021 4:50 AM

@Aishwarya_Jain, only 170 by october end? considering the moementum it has now

Aishwarya_Jain

⋅ Sep 13, 2021 4:53 AM

@SK_tron, As I said, momentum can start, but its not a momentum if its not above 155 today itself

SK_tron

⋅ Sep 13, 2021 10:04 AM

@Aishwarya_Jain, how is it looking now?

Aishwarya_Jain

⋅ Sep 13, 2021 10:07 AM

@SK_tron, It touched and came back. Lets wait for tomorrow