Coal India share daily chart analysis
Coal India share on last trading session closed at 260 rupee with gain. On daily chart, it was breakout above major average with trend change. Above 255 traders, expect bullish trend and upside targets of 270 to 282 until end of March 2014. Daily chart indicators are with bullish divergence and reversal of price trend. Below 255 next major supports will be 243 and 231. Short traders with stop loss below 254 keep long view for stock and expect targets 270 and above.
Coal India share weekly chart analysis
Coal India share on this week showing loss and hovering near major support zone. 250-260 is major zone to watch from medium term view. Above it targets will remain on upside for this stock. 315 will be next 6-8 months target level while 365 is 12 -18 months timeframe target. Weekly chart indicators are bearish but signaling bottom out patterns on chart. Below 250 next major support zones will be around 210 and 156.
Swing traders can take long near 250 with stop loss below 230 for target 315 and above in upcoming weeks.
Coal India share monthly chart analysis
Coal India shares in last 6 months had given – 3% return to investors and major underperforming stock in nifty 50. Fundamentally sound and by valuation looks attractive so investors keep buy and accumulate view here. 160 to 240 rupee is wide range for entry and accumulation. On upside 350-370 will be 12-18 months target zone and 480 rupee will be 3 to 5 years view targets zone. This is the one stock must be in your long-term portfolio or retirement plan portfolio.
Coal India company description
Coal India Limited (CIL) is a holding company. The Company operates through approximately 80 mining areas spread over eight provincial states of India. The Company has underground, opencast and mixed mines. It also operates coal washeries and also manages other establishments like workshops and hospitals. It also has training institutes. Indian Institute of Coal Management operates under CIL. The Company’s major consumers are Power and Steel Sectors. Its other consumers include cement, fertilizer, brick kilns and a host of other industries.
Coal India share fundamental ratios
260.00 – 267.80
238.20 – 330.70