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Coal India breakdown

NSE:COALINDIA   COAL INDIA LTD
I am holding on to my slightly bearish view of this stock. As per my earlier predications coal India has consolidated just fine.
Moving on there will be a break down or break out. My view is slightly bearish . But this time there is a very strong support at 140 level.

So incase of a breakout this month, we can see see the stock rallying upto 170

Keep a watch at breakout at 150 -152 level if broken we can see a good rally which has been due since longest amount of time.

For safe trader can sell 170 ce with a strict stop loss or a hedge.

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