Market insights
CoalIndia (LONG) NSE:COALINDIA
Technical analysis: Coal India Limited
I have also provided some support and resistance area in above chart.
Buy134.5 to 137
Target 1 - 150
Target 2 - 160
Stop Loss - 130
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Comment: Coal India Limited. Still in Trend-line so please keep eye on that.
Coal India is bullish Coal India is looking bullish and forming solid bullish candles with good volume, if it is able to sustain above 143 End of the Day basis, we can expect a good movement towards 163
All the supports and resistances are given in the charts.
Disclaimer-This is completely based on my analysis, please go through your analysis before you invest- Investing in the stock markets are subjected to risks
Coal India - Still to cross 143-145 Resistance MarkCoal India has obviously broken the channel but still has to break the resistance mark of 143-145. Once that resistance is breached and with the good fundamentals of this stock, going Long will be a good idea. But still, it is good to wait till that 143-145 mark and study how the stock behaves after that.






















