A hammer candlestick pattern at the bottom of the Parallel Channel along with a weekly Bullish Hidden Divergence provides an indication towards the reversal of the downtrend.
The relative strength is also supporting its cause.
► Bottom Fishing Pick #1 ◄
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Coal India is trading at 52 week low levels. We may be buying at bottom. Dividend yield 10%. Dividend Plus Growth Opportunity.
> Debt Free Stock
> Huge Cash Reserves
> High Dividend Yield
> One of the best in Coal extraction Margin Wise in the world.
View: Long Term Minimum 1 year. Target 150 Plus