COALINDIA
A breakdown from support, retest, and down is the mantra for Coal India. But the last breakdown is not retested yet.
Watch the red arrows and the pink line (trendline). It has got convincingly broken with volume and has also got retested.
As said in point one, the retest of support zone close to 180 is possible.
Another reason is, price is too far away from 200EMA. So a pullback is expected. Let's see.
Your thoughts?
