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By EquityPandit

COALINDIAMARKET OUTLOOKSTOCK OUTLOOK

Coal India Outlook for the Week (April 29, 2024 – May 03, 2024)

Coal India
Coal India
Coal India closed the previous week on a negative note losing 4.88%.

Technically, Coal India share price will see immediate support at 442.38 and immediate resistance would be seen at 464.83.

If Coal India share price closes below immediate support of 442.38, then sharp breakdown can be seen. Coal India share price will see major support at 428.97 for the week.

470.00470.00460.00460.00450.00450.00440.00440.00430.00430.00420.00420.00410.00410.00400.00400.00Mar 12Mar 12Mar 15Mar 15Mar 20Mar 20Mar 26Mar 26Apr 1Apr 1Apr 4Apr 4Apr 9Apr 9Apr 15Apr 15Apr 19Apr 19Apr 24Apr 24Reversal Level 445.40BuyBuySellSell

On the positive side, immediate resistance will be seen at 464.83. Closing above 464.83, Coal India share price will see a sharp breakout. Major resistance for Coal India share price will be seen at 473.87 for the week.

Trading range for Coal India share price for this week should be between 419.93 on down side and 487.28 on up side.

Coal India Previous Week High: 460.45

Coal India Previous Week Low: 438

Coal India Previous Week Range: 22.45 Points

Coal India share price support and resistance for the week (April 29, 2024 – May 03, 2024)

Level Type Value
Resistance 3 487.28
Resistance 2 473.87
Resistance 1 464.83
Support 1 442.38
Support 2 428.97
Support 3 419.93
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