24-02-2025

🚨 COAL INDIA: Big Breakdown or Bounce Back? 🔥🚀

📉 Coal India Ltd (COALINDIA) is at a crucial juncture! The stock, after a massive rally to ₹516, is now trapped in a downtrend, forming lower highs and lower lows! 😱

🔍 Key Technicals:
🔸 Support Zone: ₹350-364 📊 (Holding tight, but for how long?)
🔸 Resistance: ₹388 🚧 (Breakout needed for a reversal!)
🔸 Trendline Breakdown: The stock has broken its steep uptrend and is struggling to regain momentum.
🔸 200-Week MA Support: Major long-term support around ₹290 (Extreme downside risk 😨).
🔸 Volume Drying Up: No strong buying interest—📉 BIG move ahead?

🔥 What’s Next?
📌 If ₹350 holds, expect a bounce towards ₹388-400 🚀
📌 If it breaks down, we could see a free fall to ₹300 and below! 😬

Traders, are you buying the dip or shorting this downtrend? Comment below! ⬇️📊

Disclaimer: "The securities & Commodity quoted are for illustration only and are not recommendatory " Vikash Bagaria SEBI Registered Research Analyst - INH300008155
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