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By EquityPandit

COALINDIAMARKET OUTLOOKSTOCK OUTLOOK

Coal India Outlook for the Week (May 27, 2024 – May 31, 2024)

Coal India
Coal India
Coal India closed the previous week on a negative note losing 7.42%.

Technically, Coal India share price will see immediate support at 478.02 and immediate resistance would be seen at 515.67.

If Coal India share price closes below immediate support of 478.02, then sharp breakdown can be seen. Coal India share price will see major support at 455.03 for the week.

510.00510.00500.00500.00490.00490.00480.00480.00470.00470.00460.00460.00450.00450.00440.00440.00430.00430.00420.00420.00Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30May 6May 6May 9May 9May 14May 14May 17May 17May 22May 22Reversal Level 484.45BuyBuySellSell

On the positive side, immediate resistance will be seen at 515.67. Closing above 515.67, Coal India share price will see a sharp breakout. Major resistance for Coal India share price will be seen at 530.33 for the week.

Trading range for Coal India share price for this week should be between 440.37 on down side and 553.32 on up side.

Coal India Previous Week High: 507.35

Coal India Previous Week Low: 469.7

Coal India Previous Week Range: 37.65 Points

Coal India share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type Value
Resistance 3 553.32
Resistance 2 530.33
Resistance 1 515.67
Support 1 478.02
Support 2 455.03
Support 3 440.37
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