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Coal India is approaching the Symmetrical Triangle

Long
NSE:COALINDIA   COAL INDIA LTD
Coal India is Offering for Sale (OFS) its shares at 5% Discount on Retail. The Current Price is 275.85 and the Company is offering its shares at 266 (Floor Price) from 9:15 AM to 3:30 PM for 31st October and 1st November.
If we are able to get our hands on this share at a price of around 266 area, it would be in our Buy Zone of the Symmetrical Triangle. We could expect further a break or bounce Scenario from thereafter.

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