Capitalizing on Coal India's Potential

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Are you on the lookout for a compelling investment opportunity? Let's explore a well-considered plan targeting Coal India, a significant player in the coal industry.

Entry Level & Stop Loss:
- Entry Level: ₹240
- Stop Loss: ₹235

Price Targets:
1. Target: ₹243
2. Target: ₹247
3. Target: ₹265+ (seeking potentially higher gains)

Why Coal India?
Coal India, a key contributor to India's energy landscape, is under our radar. Our strategic analysis has identified potential growth factors, making this an attractive candidate for short-to-medium-term gains.

Technical Analysis:

Support Levels: We're entering at ₹240, backed by strong support. This minimizes downside risk, with a well-defined stop loss at ₹235.

Resistance Break: Our targets are aligned with key resistance levels, indicating potential breakout opportunities as the stock gains momentum.

Fundamental Strengths:
Positive Earnings: Coal India's positive earnings per share (EPS) underscore its profitability.
Robust Profit Margin: With a net profit margin exceeding 10%, Coal India demonstrates efficient conversion of revenue into profit.

Strong Dividend Yield: A dividend yield of over 2% offers potential income alongside capital appreciation.

Risks & Considerations:
As with any investment, there are inherent risks. Be sure to conduct thorough research, monitor market trends, and stay informed.

Join the Journey:
Stay tuned as we track this investment endeavor on TradingView. Remember, prudent investing requires diligence and informed decisions.

Disclaimer: This analysis is for educational purposes and not financial advice. Trade responsibly and consider your risk tolerance.

#InvestmentIdea #Tradingview
注释
Next day of posting the Idea Coal India fell and managed to close below Flag & Pole support Trendline and now we can see that prices are back into the pattern the reason is FPI's increased their stake in coal India by ~20%

Safe Entry is at 247.80 as it's a weak high.
Execute entry after 15 mins candle closing above entry price
Chart PatternsTrend Analysis

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