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By EquityPandit

COALINDIAMARKET OUTLOOKSTOCK OUTLOOK

Coal India Outlook for the Week (March 04, 2024 – March 08, 2024)

Coal India
Coal India
Coal India closed the previous week on a negative note losing 4.27%.

Technically, Coal India share price will see immediate support at 434.40 and immediate resistance would be seen at 453.55.

If Coal India share price closes below immediate support of 434.40, then sharp breakdown can be seen. Coal India share price will see major support at 422.45 for the week.

500.00500.00480.00480.00460.00460.00440.00440.00420.00420.00400.00400.00380.00380.00360.00360.00Jan 19Jan 19Jan 24Jan 24Jan 30Jan 30Feb 2Feb 2Feb 7Feb 7Feb 12Feb 12Feb 15Feb 15Feb 20Feb 20Feb 23Feb 23Feb 28Feb 28Reversal Level 452.51BuyBuyBuySellSellSell

On the positive side, immediate resistance will be seen at 453.55. Closing above 453.55, Coal India share price will see a sharp breakout. Major resistance for Coal India share price will be seen at 460.75 for the week.

Trading range for Coal India share price for this week should be between 415.25 on down side and 472.70 on up side.

Coal India Previous Week High: 448.8

Coal India Previous Week Low: 429.65

Coal India Previous Week Range: 19.15 Points

Coal India share price support and resistance for the week (March 04, 2024 – March 08, 2024)

Level Type Value
Resistance 3 472.70
Resistance 2 460.75
Resistance 1 453.55
Support 1 434.40
Support 2 422.45
Support 3 415.25
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