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COALINDIAMARKET OUTLOOKSTOCK OUTLOOK

Coal India Outlook for the Week (August 14, 2023 – August 18, 2023)

Coal India closed the previous week on a negative note losing 3.17%.

Technically, Coal India share price will see immediate support at 230.53 and immediate resistance would be seen at 238.03.

If Coal India share price closes below immediate support of 230.53, then sharp breakdown can be seen. Coal India share price will see major support at 226.17 for the week.

On the positive side, immediate resistance will be seen at 238.03. Closing above 238.03, Coal India share price will see a sharp breakout. Major resistance for Coal India share price will be seen at 241.17 for the week.

Trading range for Coal India share price for this week should be between 223.03 on down side and 245.53 on up side.

Coal India Previous Week High: 236.8

Coal India Previous Week Low: 229.3

Coal India Previous Week Range: 7.5 Points

Coal India share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 245.53
Resistance 2 241.17
Resistance 1 238.03
Support 1 230.53
Support 2 226.17
Support 3 223.03

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