Now the current over sold can take us to 270_277 range comes to a 40 points gain.
Above that range it can go to next resistance,around 300,the green trend line resistance area.
There is no precise target ,always it will be a range, and selecting the best possible value for a short description.
Also can you throw some light on REC. Is there a chance of REC crossing 200 in next 2-3 months.
Coal has been backbone of key materials such as steel, cement and aluminium, galss, ceramic, paper etc,which are important element for human being existence on the earth.
India is the third largest coal producer in the world after China and the US. The total coal production
in India was around 626 million tonnes in 2016, we imported a total of 193 MT in 2016.Coal India produces about 84 % of the country’s entire coal output We are the major contributor to power sector with nearly 77% of our supplies power India. More than 100 Thermal Power Stations in the country receive coal from Coal India. Seeing the high demand of coal in the country in future, the Government has set a goal of about 1 billion tonne coal production for Coal India Limited by 2020. so dont worry, keep studying.
recltd a post is aleady there, we are at key support now. definitely will see 200 soon