I am holding on to my slightly bearish view of this stock. As per my earlier predications coal India has consolidated just fine.
Moving on there will be a break down or break out. My view is slightly bearish. But this time there is a very strong support at 140 level.
So incase of a breakout this month, we can see see the stock rallying upto 170
Keep a watch...
A bit of a scare last trading session of coal India reaching out to break it's new high. But the stock broke down today.
My view is still the same- There will be consolidation and the stock will give a closing at around 140 rs. ( That will be a great opportunity to buy so doo look for it)
I doubt upper levels are going to breached this month. We have 5 more...
This is an update to my previous view.
As we can see after the formation of evening star pattern Coal India has started to consolidate. I don't see any further push into the remaining days till expiry this month.
It has a good support around 144. And will give a good buying opportunity if it further falls to 140 and below.
It is a also good opportunity for a...
After a big run over 12 percent coal India dropped by 4 percent in a single day. Traders are still bullish on this trade due to the good news. Technical analysis say otherwise.
An evening star is formed- An evening star is a sign of reversal towards the bearish side.
In my view - Coal India will go down ↘ or consolidate for a while between 150 and 140. It...
