In the weekly chart of Coal India, we can see a head and shoulder's bottom being form (represented in white colour). Also, the stock has been facing a strong resistance in the levels of 147-151 since a long time. Seems like the stock is gearing up for a breakout. We can confirm this once the price moves up 150ish level.
Once the resistance is passed at 132 levels, it will go even higher levels. Also, note the volumes increasing.
I am open to all suggestions.Kindly pitch in your ideas too.
Thanks! :)
