Coal India Ltd on an intraday 60-minutes chart stock
price is making higher high pattern, with increase in volumes. Also, we
witnessed stock price is trading above the 20 DMA, indicate stock is well
placed above the support level. On chart stock price, has given the breakout of
rounding pattern at Rs. 328, indicate stock price can rally towards previous
swings.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.330 for the target of Rs. 348 levels, with Rs 321 stop
loss on closing basis.
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