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The stock managed to breach its support today and had a steep downfall. It was down by nearly 5.83% today. It now has major support at 1095, if it consolidates for a while, breach of this level will continue its downtrend.

The stock today managed to breach its support level after consolidating with negative biasness from last a few trading sessions. It now has next support at 1675, if it consolidates for a while, breach of this level may take the stock further down.

COAL INDIA remained volatile in today’s trading session and closed on negative note. The stock faces resistance level at 333 and support level exists at 315. It is expected to remain range bound in short term; also one should wait for a proper breakout for entering in this stock.

The stock had shown correction in today’s trading session after resisting at higher levels, further it has next support at 285, breach of this level will continue the correction phase of the stock.

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