Coal India trend analysis
Updated
Recently price reacted from daily supply zone and as a result price fall down.
Now three probabilities are there where we can see some actions
1st -Might be price react from last resistance level. As per price action concept usually if stock is on bullish sentiments then last resistance level will be act as good support. (143-149)
2nd -If orders are still pending on daily demand zone then price bounce. 135-131
3nd -Otherwise weekly demand zone will work. 127-123
Now three probabilities are there where we can see some actions
1st -Might be price react from last resistance level. As per price action concept usually if stock is on bullish sentiments then last resistance level will be act as good support. (143-149)
2nd -If orders are still pending on daily demand zone then price bounce. 135-131
3nd -Otherwise weekly demand zone will work. 127-123
Note
Looks price sustain on support level.Note
3.6% up today
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