Coal India –
The stock is hammered very badly because the company has posted very bad results. Stock corrected nearly 10% in single session. Now the stock is trading in triangle pattern indicates price action is getting narrow. Breakout on the either side will give good move.
This stock is also covered in the previous post. The stock is trading in triangle pattern on higher levels indicates price action is getting narrow. Which may result in good move on either side. The stock is trading near strong support line, if this support broken we can see good downside move.
The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.