COAL INDIA -- Bullish View..
Coal India - Positive divergence in Monthly, Weekly, Daily, and hourly charts followed by above-average trading volumes/delivery volumes over the last few months indicating that there is a strong buying/accumulation in this script in lower levels. This company has a history of paying handsome dividends to its investors on a yearly basis of around 8-10%.
For Long Term Investors: At a current market price of Rs.185/- in addition to 8-10% dividend payout on an annual basis, Coal India looks very attractive for someone who is looking to invest in stock with payout out attractive dividend payout with or without capital appreciation.
For Short-Term Traders: On hourly charts, we can see a "W" pattern with the neckline of this pattern at Rs.184 and the target for this pattern is around Rs.190.00. The stock has closed above Rs.184 on 02/07/2020 with good volumes and delivery percentage, indicating that the stock is in an uptrend and is the path of reaching its target of Rs.190.
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NOTE: I AM NOT SEBI REGISTERED RESEARCH ANALYST - PLEASE DO YOUR DUE DILIGENCE BEFORE TAKING ANY TRADE.
For Long Term Investors: At a current market price of Rs.185/- in addition to 8-10% dividend payout on an annual basis, Coal India looks very attractive for someone who is looking to invest in stock with payout out attractive dividend payout with or without capital appreciation.
For Short-Term Traders: On hourly charts, we can see a "W" pattern with the neckline of this pattern at Rs.184 and the target for this pattern is around Rs.190.00. The stock has closed above Rs.184 on 02/07/2020 with good volumes and delivery percentage, indicating that the stock is in an uptrend and is the path of reaching its target of Rs.190.
Please follow me on Trading View to get updates on stocks on which I research.
NOTE: I AM NOT SEBI REGISTERED RESEARCH ANALYST - PLEASE DO YOUR DUE DILIGENCE BEFORE TAKING ANY TRADE.
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