IMPORTANT RESISTANCE LEVEL : 300
TARGET : 350/410
VIEW CHANGES BELOW : 265
TIMEFRAME : 4/12 months
Since its IPO, Coal has been trading in a sideways to negative trend and had also broken below its important support at
300 a few months ago. With an intermediate term trading perspective, the scrip is likely to turn bullish if a closing above
300 is secured which will indicate a trading target of 350 for the scrip. On the long term too the breach is likely to lead to a
move till 410 in the coming 9-12 months, the level being the previous life highs.
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TARGET : 350/410
VIEW CHANGES BELOW : 265
TIMEFRAME : 4/12 months
Since its IPO, Coal has been trading in a sideways to negative trend and had also broken below its important support at
300 a few months ago. With an intermediate term trading perspective, the scrip is likely to turn bullish if a closing above
300 is secured which will indicate a trading target of 350 for the scrip. On the long term too the breach is likely to lead to a
move till 410 in the coming 9-12 months, the level being the previous life highs.
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