Coal India Ltd - Cup & Handle Pattern - Long & Investment Pick
Coal India Ltd has formed Cup and Handle Pattern.
The script has strong resistance at 149 and also the script was currently reached the FIB retracement level of 38.2%.
The central Govt has awarded the allocation of coal mine for the successful commercial bidders.
As per the central Govt, the coal sector has will be biggest contributor for 5min trillion economy.
Fundamentally and as per technically the script has potential to grow high.
For Investment Purpose:
1. Buy at every Dip
2. Dividend Providing by the company is 9.25% (Appr) - Currently Higher than Bank Interest
3. Buy in Triangle Pattern: Example: 5-4-3-2-1-1-1, etc
Swing Trading:
Buy Above 150 ( Closes in Daily Chart)
SL - 125
Target - 175 & 190.
Disclaimer: Kindly do your own analysis before executing the trade
The script has strong resistance at 149 and also the script was currently reached the FIB retracement level of 38.2%.
The central Govt has awarded the allocation of coal mine for the successful commercial bidders.
As per the central Govt, the coal sector has will be biggest contributor for 5min trillion economy.
Fundamentally and as per technically the script has potential to grow high.
For Investment Purpose:
1. Buy at every Dip
2. Dividend Providing by the company is 9.25% (Appr) - Currently Higher than Bank Interest
3. Buy in Triangle Pattern: Example: 5-4-3-2-1-1-1, etc
Swing Trading:
Buy Above 150 ( Closes in Daily Chart)
SL - 125
Target - 175 & 190.
Disclaimer: Kindly do your own analysis before executing the trade
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