Coal India Ltd. Technical chart | 15-Dec-2011

Updated on

https://investmentkit.com/media/posts/3740/coal-india.jpgLet us analyze the technical chart of Coal India Ltd., listed on Indian stock exchange, with ichimoku Kinko Hyo indicator.

https://investmentkit.com/media/posts/3740/15-2011Dec-COAL%20INDIA%20LTD-800x600.png

Like my previous post on ONGC, Coal India is also trading below kumo. Not a right time to invest in this stock as there is more room for downside here. It will give bullish breakout only above 352. Below it’s a weak chart.

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