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By EquityPandit

COALINDIAMARKET OUTLOOKSTOCK OUTLOOK

Coal India Outlook for the Week (August 07, 2023 – August 11, 2023)

Coal India closed the previous week on a negative note losing 6.70%.

Technically, Coal India share price will see immediate support at 226.02 and immediate resistance would be seen at 242.32.

If Coal India share price closes below immediate support of 226.02, then sharp breakdown can be seen. Coal India share price will see major support at 218.28 for the week.

244.00244.00242.00242.00240.00240.00238.00238.00236.00236.00234.00234.00232.00232.00230.00230.00228.00228.00226.00226.00224.00224.00222.00222.00Jun 23Jun 23Jun 28Jun 28Jul 4Jul 4Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Reversal Level 237.30BuyBuySellSell

On the positive side, immediate resistance will be seen at 242.32. Closing above 242.32, Coal India share price will see a sharp breakout. Major resistance for Coal India share price will be seen at 250.88 for the week.

Trading range for Coal India share price for this week should be between 209.72 on down side and 258.62 on up side.

Coal India Previous Week High: 243.15

Coal India Previous Week Low: 226.85

Coal India Previous Week Range: 16.3 Points

Coal India share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 258.62
Resistance 2 250.88
Resistance 1 242.32
Support 1 226.02
Support 2 218.28
Support 3 209.72

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