Sunday, April 01, 2012

coal india is near to breakout

on 18th jan,coal india resisted by 200 sma @ 350 level & fell down to 320. its been holding its support on 100 sma line quite nicely. Now this stock is at crucial level i.e two resistances are there @ 350. first is horizontal line resistance & second is 200 sma resistance... any good move above 350 will take the stock to 370 & then 387 level. minor resistance around 353.5-354 (shown by green line)

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