Coal India NSE:COALINDIA has reversed sharply from strong support zone between 260 – 265 levels.
To me it looks like a double bottom formation with positive divergence.
Good opportunity to go long with stop loss a few points below the double bottom lows and first target near 290 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.