COALINDIA trade ideas
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.
Coal india Very nice trade can be takenCoal india taking retesting at the level of 150 . after the swing high of 161. also pull back candles seems to be created. So after closing bullish candle we can take long entry at the current level for the target price of 160 & 170 with the samll SL of 145. This is for pure learning & educational ideas.
COAL INDIA - LONG TERM PROJECTIONIf it holds through 140 this time then expecting tgt of 180/200/220/250/270 in coming days
Coal India - All set to go up...After a big move with good volume, followed by consolidation. Coal India can go up in upcoming days....
Coal India - All set to go up....After a big move with good volume followed by consolidation, Coal India is ready for a big move in up coming days....
Inverse Head And Shoulder In the weekly chart of Coal India Ltd. an inverse head and shoulder pattern is formed as shown in the shared idea.
COAL INDIA - INVERSE HEAD & SHOULDER
Formation of Inverse Head & Shoulder pattern Breakout on the daily and weekly chart.
Breakout above the neckline and downtrend line with high volume.
Potential long target of 25-30 points.
Use a fixed stop loss.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Coal India inverted Head and ShoulderCoal India inverted Head and Shoulder:
It looks coal india has crossed the neckline of inverted head and shoulder.
Regards
Coal India. Positive breakoutPositive break out after a long time. Volume supported move. Looking really good.
Coal India Breakoutlong coal india for the target of min 178-180 with a stop loss of 146. Short to medium term view
COALINDIA - Big BreakoutCOALINIDA was forming a H&S pattern since Mid-May and finally the neck line has been broken with huge volumes. I am bullish on this script.
CoalIndiaYou can choose coal india for long term investment. I checked it in different time frames and I think that it can go long after a bounce from 148. It also showing inverted head and shoulder pattern . coal India dividend date also coming
It seems that you can choose coal India for long termYou can choose coal India for long term . I confirmed it in different time frames and also it makes inverted head and shoulder pattern it can bounce after touching 148
Coal IndiaCoal India formed the " Head and Shoulder " pattern in the weekly time frame.
We can go long here with the given target and stop loss.
Coal India Good to Buy at 143 - 147 Analysis about Coal India
It is Good to Invest at 143 - 147 Level if it touch this level only.
SL is 131 Weekly price is close below only.
Targets are T1 - 180 & T2 - 208 (My expectation the price will reach on Nov 2021).
Approximate 41% - 44% will get returns.
