COAL INDIA has given a channel breakout but may test the retracement, COAL INDIA, INTERIM RESISTANCE is placed along 213 levels which is followed by FINAL RESISTANCE ZONE placed around 216.50-218 levels, on the lower band COAL INDIA has interim support placed at 205204 levels followed by the FINAL SUPPORT of MONTHLY TREND-LINE placed at 195. Quarterly Results...
Coal India is in Downtrend. It took good support @ 228. I expect it will touch 243, 248. Breaking support line will be stoploss. And keep trailing stoploss 3% when stock goes up.
Think, Research and analyse before taking any decision.