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COALINDIA

Coal India BreakoutNSE:COALINDIA Fundamentals:- Average ROE for last 3,5,10 years > 25% (should be greater than 15) Debt to equity at 0.13 (should be less than 1), Interest coverage at 30.3 (should be greater than 3), Current ratio at 1.77 (should be greater than 1.5) Dividend yield of 7.95% and pays dividend regularly, means it's an investor friendly company. Generated free cash flow of more than 60% after capital expenditure from operating cash flow in last 10 years, means it has enough cash for further expansion and wouldn't need to raise debt. All in all, a fundamentally strong company. Broken out of a strong resistance with high volumes and now it's retesting the breakout levels again. 50 day EMA just crossed 200 day EMA. Took 182 days to come down from a high of Rs.152 to Rs.109 but took only 133 days to recoup the losses, so it was a fast recovery which makes it a high probability buy. Buy if it crosses 156-157 again with a stop loss below 149.
NSE:COALINDIALong
by akashbothra
4
NIFTY 1D - Abandoned BabyA bearish abandoned baby is a specialized candlestick pattern consisting of three candles, one with rising prices, a second with holding prices, and a third with falling prices. Technical analysts expect that this pattern signals at least a short-term reversal in a currently upward trending price. Significant reduction in relative strength index Except Reliance Industries, PSU stocks, Oil/Gas stocks, broader sector Index stocks' strength weakening. Overhang of correction in stocks of Bank Index / Financial Services Index, may make Nifty print lower reading in spite of support from Oil & gas / Energy / Auto. Going long on PSU, Oil & Gas, Energy, Auto with hedging of Short Nifty / Short Bank Nifty . . . .
NSE:NIFTYShort
by kartikbhai
8