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.
NSE:BATAINDIA
Above 1530 the stock can head higher towards 1545/1560/1580 levels as long as 1508 levels is not breached.
All ideas shared are for educational purpose only.
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NAVKARCORP | Excellent U turn, looks great for 400% - Don't put more than 5% of the capital. May take few months to year to reach the target.
CMP : 42.30 (Dip @ 32)
Coal India is trading at 52 week low levels. We may be buying at bottom. Dividend yield 10%. Dividend Plus Growth Opportunity.
Fundamentals:
> 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
In 2008 crash BSE Sensex dipped approximately 63%. If it happens again going by the ever increasing corona virus numbers, we might end up near 15500. Just a thought.
