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PradeepSalunkhe PradeepSalunkhe COALINDIA, D, Long ,
COALINDIA: COAL INDIA - Is Primary Bearish trend Over?
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COAL INDIA - Is Primary Bearish trend Over?

Coal India has corrected around 47% since it made all time high of 446 in August 2015. It made low at 233 after correcting 47% in August 2017. On daily chart we see some upward movement and formation of double bottom. This looks like classical W bottom. Using Bollinger band technique for chart analysis; we see left hand side of W bottom has tagged lower Bollinger ...

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