pocketmoney08

Coal india -Technical analysis

Long
NSE:COALINDIA   COAL INDIA LTD
--This info is only for educational purpose--
The stock has breached its major resistance of ₹146 and is heading towards the next resistance of ₹180
So in my opinion one should buy the stock at Cmp 150-152 with a stop loss of ₹144 for a Target of ₹180
Risk/Reward-1:3(Favourable)
Also the stock is well know for high dividend payout so, if you are a long term holder then this stock may provide you returns better than interest earned on fixed deposit.

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