Coal india analysis.Hi i am a beginner trader. Here is my analysis of coal india . Place suitable sl. Any suggestions would be appreciated.
COALINDIA trade ideas
Beginner's analysis.Hey Traders,
Here is an analysis of Coal India which could be our positional or intraday buy as per your comfort.
Expected target mentioned.
Put Sl as per you risk management.
Guys, Do Guide me if there's any thing that could be improved,
and Keep supporting.
COALINDIA is gonna fly !! Positional trade.The stock has broken a key long-term resistance at 149 levels supported by good volumes and has pulled back to retest the previous resistance which now acts of price support. The stock is now poised for an up move to 175 levels.
Lookup the chart for trading levels.
Like and follow to get regular updates on successful trade setups.
COALINDIA 1D TF Coal India price volume breakout at almost a year long resistance with good retracement
Expecting to hit the targets for 160-175
COALINDIA for long (Only for educational purpose)A good supply/demand zone has broken. Previously this region acted as a good support many times(check weekly chart). Current price is above 50 and 20 ema on daily and weekly charts(200 ema is still above the price).Also a reverse head and shoulder like pattern can be seen(check weekly chart for clear view). If shown some good green candles with a good volume. Then we can expect for an up movement(Do your own analysis).
High Probability Trade in Coal IndiaCoal India break out with good volume and came back to support zone, see chart for details
COAL INDIA positional tradegave a breakout with high volume,after retest can buy if shows bullish sign
long coal indiacoal india has given a breakout and it is retesting its breakout zone,
this is not an investment idea or trading ideas
thus post is just for educational purpose
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.
