COALINDIA - Technical Analysis with Chart Patterns & Indicators
← Back to ListKey Parameters
⭐ Technical Rating: 3.0
✅ Positive
The stock exhibits a strong dividend yield of 5.13%, indicating attractive income potential for investors. Furthermore, the company’s robust ROCE and ROE (98.0% and 97.4% respectively) demonstrate exceptional profitability and efficient capital utilization.
⚠️ Limitation
The significant drop in PAT from 5,534 Cr. to 153 Cr. across the last two quarters raises concerns regarding short-term earnings performance. The current RSI of 32.9 indicates strong bearish momentum and potential for further downside.
📉 Company Negative News
Coal India has confirmed the publication of a dividend tax notice in newspapers, which may impact investor sentiment due to potential changes in dividend payouts.
📈 Company Positive News
Prabhudas Liladhar Capital Ltd is projecting a target price of Rs. 472, suggesting positive future growth potential for the stock.
🏭 Industry
The coal industry is facing increasing pressure due to global efforts to transition towards renewable energy sources and stricter environmental regulations. Despite these challenges, Coal India remains a dominant player in the Indian market with significant reserves.
🧾 Conclusion
A short-term entry zone could be established between 400 ₹ and 415 ₹, anticipating a potential bounce back after the recent decline. An exit zone should be placed around 375 ₹ – 380 ₹ if the downward trend persists, utilizing support levels near the low price of 369₹. Overall, the stock appears to be in a bearish trend with consolidation possible, requiring cautious observation.