Turning Bullish: COAL INDIA
Coal India has turned bullish recently.
The stock is trading around key level of 506.
Resistance levels: 521, 537
Support levels: 484, 459, 436, 408.
You can enter for long-term partially.
However, if 20 EMA (Black line) crosses above 50 EMA (Orange trend) along with good volume, we can confirm the bullish trend.
Pros:
The company is almost free of debt.
The stock offers a commendable dividend yield of 5.03%.
The company has an excellent return on equity (ROE) history. Three-Year Return on Equity: 52.8%
The company has maintained a robust dividend distribution of 49.8%.
The stock is trading around key level of 506.
Resistance levels: 521, 537
Support levels: 484, 459, 436, 408.
You can enter for long-term partially.
However, if 20 EMA (Black line) crosses above 50 EMA (Orange trend) along with good volume, we can confirm the bullish trend.
Pros:
The company is almost free of debt.
The stock offers a commendable dividend yield of 5.03%.
The company has an excellent return on equity (ROE) history. Three-Year Return on Equity: 52.8%
The company has maintained a robust dividend distribution of 49.8%.
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