Archive · 3 Sep 2026
Analyst Flags Caution on SBI, Coal India; Favors HAL
The article reviews three government-owned companies for possible stock trades.
Coal India recently moved upward but is now close to a level where it may struggle to rise further.
Because of this, the analysis advises waiting before buying Coal India.
Hindustan Aeronautics, or HAL, is viewed more positively.
Its share price showed a possible sign of recovery after falling for twelve trading sessions.
The analysis suggests buying HAL near its support area, while limiting losses below Rs 4,500.
State Bank of India, or SBI, is viewed cautiously because its price fell below an upward trendline.
SBI could find support near Rs 990–1,000, but a further fall could take it toward Rs 950–960.
Coal India faces resistance near Rs 428 after a consolidation breakout and pullback.
Fresh buying in Coal India is discouraged until consolidation or a healthier pullback occurs.
HAL is rated a buy, with a target of Rs 5,100 and stop loss at Rs 4,500.
SBI has broken below an ascending trendline, with support expected around Rs 990–1,000.
A decisive move above Rs 1,070 could improve SBI’s outlook, while a support break may lead to Rs 950–960.
- Who
- Coal India Ltd, Hindustan Aeronautics, and State Bank of India.
- What
- A technical trading assessment rates HAL as a buy and advises caution on Coal India and SBI.
- When
- The assessment concerns current trading levels; no publication date is provided.
- Why
- The recommendations are based on chart patterns, support and resistance levels, moving averages, and recent price movements.
- Coal India view
- Caution; resistance at Rs 428 and support at Rs 395.
- Coal India recommendation
- Avoid fresh buying at current levels and wait for consolidation or a healthy pullback.
- HAL view
- Buy; target price of Rs 5,100 and stop loss at Rs 4,500.
- HAL technical signal
- A dragonfly doji appeared near Rs 4,700 after twelve sessions of profit booking.
- SBI view
- Caution; resistance at Rs 1,070 and support around Rs 990–1,000.
- SBI downside risk
- A break below support could lead to the Rs 950–960 region.
- SBI trend signal
- The stock has broken below an ascending trendline on the daily chart.