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By EquityPandit

COALINDIAMARKET OUTLOOKSTOCK OUTLOOK

Coal India Outlook for the Week (August 21, 2023 – August 25, 2023)

Coal India
Coal India
Coal India closed the previous week on a negative note losing 3.90%.

Technically, Coal India share price will see immediate support at 224.23 and immediate resistance would be seen at 233.43.

If Coal India share price closes below immediate support of 224.23, then sharp breakdown can be seen. Coal India share price will see major support at 221.02 for the week.

244.00244.00242.00242.00240.00240.00238.00238.00236.00236.00234.00234.00232.00232.00230.00230.00228.00228.00226.00226.00Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Aug 7Aug 7Aug 10Aug 10Aug 16Aug 16Reversal Level 232.33BuySellSell

On the positive side, immediate resistance will be seen at 233.43. Closing above 233.43, Coal India share price will see a sharp breakout. Major resistance for Coal India share price will be seen at 239.42 for the week.

Trading range for Coal India share price for this week should be between 215.03 on down side and 242.63 on up side.

Coal India Previous Week High: 236.2

Coal India Previous Week Low: 227

Coal India Previous Week Range: 9.2 Points

Coal India share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 242.63
Resistance 2 239.42
Resistance 1 233.43
Support 1 224.23
Support 2 221.02
Support 3 215.03

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