Heavy resistance @ 149.70 ___ If it breaks the support of 139.4, then it perfect for shorting as per Double Top Pattern. ___ If it does NOT break the support, it maybe a trend reversal to the resistance or movement of price in sideways. ___ Warning: Today is the quarterly earning result of COAL IND. Please ensure to look at that too. ___ Have a different view, please share in the comment so I can learn too. 4 hour CHART
@oldwine bro How is Coal India after todays close. Buying witnessed at 134 levels today. Can it cross 140 in coming week?
oldwine
⋅
@LokeshGLC, HMM,There has been demand to coal as the power consumption is high. So it has a chance of hitting 140.
The market was very volatile today, just give it another day to settle then we'll see.