Coal India – Technical View
The stock is currently trading within a well-defined parallel channel and is now approaching the upper resistance zone.
After delivering a strong rally of around 19–20%, the stock has already seen a correction of approximately 10%, bringing it closer to the resistance range of 500 – 510.
Bearish View:
As long as the stock remains below this resistance zone, the bias continues to be bearish.
Downside Targets:
• 470
• 450
Invalidation:
A decisive breakout above the 500 – 510 resistance zone will invalidate the bearish view.
Trade with confirmation and follow proper risk management.
The stock is currently trading within a well-defined parallel channel and is now approaching the upper resistance zone.
After delivering a strong rally of around 19–20%, the stock has already seen a correction of approximately 10%, bringing it closer to the resistance range of 500 – 510.
Bearish View:
As long as the stock remains below this resistance zone, the bias continues to be bearish.
Downside Targets:
• 470
• 450
Invalidation:
A decisive breakout above the 500 – 510 resistance zone will invalidate the bearish view.
Trade with confirmation and follow proper risk management.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.