Head and shoulders pattern is identified in this stock.
we have a chance of right shoulder formation.keep safe in this area.
price is now near to Neckline.
on bottom we have a strong support lies at 416 levels,
if price breaks neckline we have a support lies at 416.
keep in long side from support levels,
if neckline failed to push the price downside we have a...
Coal India closed above 50 EMA / near RSI 60 with good volumes.
Also currently at trend line resistance.
If cross 144 level we can see 156 level, however need to trade as per market trend on Monday.
* Overall Trend Is Down In 1W , 1D And 75 Min Chart .
* Price Came In Havy Supply Zone , Consolidating Here .
* Rsi Giving Negative Divergence , ( Buyers Are Getting Exhausted )
If Price Go Below Consolidation Candles With Vol . Then Go Short .
