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By EquityPandit

COALINDIAMARKET OUTLOOKSTOCK OUTLOOK

Coal India Outlook for the Week (February 12, 2024 – February 16, 2024)

Coal India
Coal India
Coal India closed the previous week on a negative note losing 10.99%.

Technically, Coal India share price will see immediate support at 426.00 and immediate resistance would be seen at 477.50.

If Coal India share price closes below immediate support of 426.00, then sharp breakdown can be seen. Coal India share price will see major support at 395.80 for the week.

480.00480.00460.00460.00440.00440.00420.00420.00400.00400.00380.00380.00360.00360.00Dec 29Dec 29Jan 3Jan 3Jan 8Jan 8Jan 11Jan 11Jan 16Jan 16Jan 19Jan 19Jan 24Jan 24Jan 30Jan 30Feb 2Feb 2Feb 7Feb 7Reversal Level 443.93BuyBuySellSell

On the positive side, immediate resistance will be seen at 477.50. Closing above 477.50, Coal India share price will see a sharp breakout. Major resistance for Coal India share price will be seen at 498.80 for the week.

Trading range for Coal India share price for this week should be between 374.50 on down side and 529.00 on up side.

Coal India Previous Week High: 468.6

Coal India Previous Week Low: 417.1

Coal India Previous Week Range: 51.5 Points

Coal India share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 529.00
Resistance 2 498.80
Resistance 1 477.50
Support 1 426.00
Support 2 395.80
Support 3 374.50
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