Coal India Breakout

11 mag 2021

Coal India has given multiple breakouts. We can see a trendline, falling channel, horizontal, inverted head and shoulder breakout on weekly charts. Weekly close above 145 can lead it to much higher levels. 1st target would be around 175 odd levels, second target 200 odd and final target of 225 odd levels can be seen. Negation below 123 weekly close.