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Ajit Mishra | Answer |Ask -Follow

Answered on Feb 28, 2020

Question by Gagan on Feb 28, 2020Hindi

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Please guide on short term & long term scenario for Coal India?

Ans: The stock has good dividend yield, hence you may hold although stock returns may be limited. Also, it's looking weak on short-term chart. Though marginal bounce can't be ruled out at the current levels but overall trend is still sideways to bearish. Support is at 177 and resistance is at 185.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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