Coal India – Will it breakout above 5 year highs?

Coal India Technical View

Coal India - Blog

  • Post the IPO the stock made a high at 420-425.
  • Post Indian Elections it made a top around 420-425.
  • The stock has given a breakout on a short term basis above 395-405.
  • Its been 5 years and the stock has not been able to breakout. Looks like an unusual cup and handle pattern.
  • It could be an interesting stock to watchout for in the long term. A move beyond 420-425 will confirm.
  • A risky bet could also be at current levels and add on dips or breakout.
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Securities covered above:: COAL INDIA

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1 Comment

  1. viral
    July 2, 2015

    nice article


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