Coal India ready for a breakout above 150 level.

Jan 12, 2021

In the weekly chart of Coal India, we can see a head and shoulder's bottom being form (represented in white colour). Also, the stock has been facing a strong resistance in the levels of 147-151 since a long time. Seems like the stock is gearing up for a breakout. We can confirm this once the price moves up 150ish level.