Price Momentum and Recent Market Performance
Coal India’s current market price stands at ₹423.60, marking a 1.78% increase from the previous close of ₹416.20. The stock traded within a range of ₹414.80 to ₹425.45 during the latest session, inching closer to its 52-week high of ₹461.20 while comfortably above its 52-week low of ₹350.15. This price action reflects a steady upward trajectory, supported by a daily bullish moving average trend that signals sustained buying interest.
When compared to the broader market, Coal India has outperformed the Sensex across multiple timeframes. Over the past week, the stock returned 3.58% against the Sensex’s modest 0.23%. The one-month return of 2.01% also eclipses the Sensex’s 0.77%, while year-to-date gains of 6.13% contrast sharply with the Sensex’s decline of 2.82%. Over longer horizons, Coal India’s five-year return of 204.09% significantly outpaces the Sensex’s 62.73%, underscoring the stock’s strong fundamental and technical resilience.
Technical Indicator Analysis: Mixed Signals with a Bullish Tilt
The technical landscape for Coal India is nuanced, with several indicators pointing towards bullish momentum while others suggest caution. The Moving Average Convergence Divergence (MACD) indicator presents a bullish signal on the weekly chart, indicating positive momentum and potential for further upside. However, the monthly MACD remains mildly bearish, suggesting that longer-term momentum has yet to fully confirm the uptrend.
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no definitive signal, hovering in neutral territory. This implies that the stock is neither overbought nor oversold, providing room for continued price appreciation without immediate risk of a sharp reversal.
Bollinger Bands reinforce the bullish case on the weekly timeframe, with price action trending near the upper band, signalling strength and volatility expansion. The monthly Bollinger Bands are mildly bullish, indicating a gradual improvement in price stability and momentum over the longer term.
Our latest weekly pick is out! This Large Cap from Steel/Sponge Iron/Pig Iron delivered with target price and complete analysis. See what makes this week's selection special!
- - Latest weekly selection
- - Target price delivered
- - Large Cap special pick
Moving Averages and Trend Strength
Daily moving averages for Coal India are firmly bullish, with short-term averages crossing above longer-term ones, a classic signal of upward momentum. This crossover often attracts technical traders and institutional investors, reinforcing buying pressure. The weekly KST (Know Sure Thing) indicator is bullish, supporting the short-term momentum narrative, although the monthly KST remains bearish, reflecting some caution among longer-term investors.
On the volume front, the On-Balance Volume (OBV) indicator is bullish on both weekly and monthly charts, suggesting that volume trends are confirming price advances. This alignment between price and volume is a positive technical confirmation, indicating that the rally is supported by genuine investor interest rather than speculative spikes.
Broader Technical Context and Dow Theory Signals
Dow Theory readings present a mixed picture. The weekly Dow Theory signal is mildly bearish, hinting at some short-term consolidation or profit-taking risk. Meanwhile, the monthly Dow Theory shows no clear trend, reflecting uncertainty in the longer-term market direction. This divergence between short and long-term signals suggests that while the stock is currently in a bullish phase, investors should remain vigilant for potential volatility or pullbacks.
Overall, the technical trend for Coal India has upgraded from mildly bullish to bullish, reflecting a strengthening momentum that aligns with the company’s improving fundamentals and sectoral tailwinds in Minerals & Mining.
Thinking about Coal India Ltd.? Our real-time Verdict report breaks down everything – from financial health and peer comparison to technical signals and fair valuation for this large-cap stock!
- - Real-time Verdict available
- - Financial health breakdown
- - Fair valuation calculated
Mojo Score and Rating Upgrade
Reflecting these technical improvements, MarketsMOJO has upgraded Coal India’s Mojo Grade from Hold to Buy as of 20 Feb 2026, with a strong Mojo Score of 71.0. This upgrade signals increased confidence in the stock’s near-term prospects, supported by a Market Cap Grade of 1, indicating a large-cap status with robust market capitalisation and liquidity.
The rating upgrade is consistent with the stock’s recent outperformance relative to the Sensex and its sector peers, as well as the positive technical signals emerging across multiple timeframes. Investors may view this as a timely opportunity to consider Coal India as a core holding within the Minerals & Mining sector, especially given its long-term track record of delivering substantial returns.
Long-Term Performance and Sector Outlook
Coal India’s long-term returns have been impressive, with a 10-year return of 35.53% and a remarkable five-year return exceeding 200%. These figures dwarf the Sensex’s corresponding returns of 249.29% over 10 years and 62.73% over five years, highlighting Coal India’s ability to generate outsized gains despite sector cyclicality.
The Minerals & Mining sector continues to benefit from global demand for raw materials, infrastructure development, and energy transition dynamics. Coal India, as a dominant player, is well positioned to capitalise on these trends, supported by improving operational efficiencies and government policies favouring domestic coal production.
However, investors should remain mindful of potential headwinds such as regulatory changes, environmental concerns, and commodity price volatility, which could impact the stock’s trajectory.
Conclusion: A Bullish Technical Setup with Cautious Optimism
In summary, Coal India Ltd. exhibits a clear shift towards a bullish technical momentum, supported by strong daily moving averages, positive weekly MACD and OBV readings, and an upgraded Mojo Grade to Buy. While some monthly indicators remain cautious, the overall trend favours further price appreciation in the near term.
Investors seeking exposure to the Minerals & Mining sector may find Coal India an attractive proposition, combining solid technical signals with a compelling long-term growth story. Nonetheless, prudent risk management and monitoring of broader market conditions remain essential to navigate potential volatility.
Only Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Start Today
