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COALINDIA Breakout Soon?

Long
NSE:COALINDIA   COAL INDIA LTD
The chart of COALINDIA's stock price shows that the stock has been finding support at a trendline for some time. The trendline is sloping upwards, indicating an uptrend.

COALINDIA could be poised for a breakout. A breakout occurs when the stock price moves above a resistance level, such as the supply zone. If COALINDIA can break above the supply zone and close above it, it could be a signal that the stock price is likely to continue rising in the short term.
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