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COALINDIA: ₹290 near to an year long trend line sup:₹285

NSE:COALINDIA   COAL INDIA LTD
6
COALINDIA: ₹290 is trading near to an year long trend line support ₹285, the recent 18 rupee dividend made gap down trade eventually brought it to support level . Can expect a bounce from her as the stock is highly over sold. But the poor performance can bring the stock down to sub ₹200 level.
Break of ₹285 will be a drastic fall, where as a support at trend line can bounce to ₹326 level.
Comment: moving as expected