1. One day chart shows down trend- formation of spinning top lead undeceive circumstance, can potentially change the trend.
2. Current market price is around the support level of 123.
3. Volume is near to average, weak hands in action.
4. MACD- 30 min chart shows cross over and it may last up to immediate resistance.
RSI is near to 37 ~
Fib rib confirms our immediate resistance
5. Currently at top of its inventory, as lock down lift up - power demand will raise up. News - targeting to increase coal production to reduce import dependency
bang it...
COALINDIA
2. Current market price is around the support level of 123.
3. Volume is near to average, weak hands in action.
4. MACD- 30 min chart shows cross over and it may last up to immediate resistance.
RSI is near to 37 ~
Fib rib confirms our immediate resistance
5. Currently at top of its inventory, as lock down lift up - power demand will raise up. News - targeting to increase coal production to reduce import dependency
bang it...
COALINDIA