COALINDIA

* Big Resistance 233_244. Today entered resistance zone by making high 236.80 & fell down.

* MCB above 244 is very much important for next leg of up move. If it happens then we can boldly say that stock has got new life and it will be a fresh upward journey for 318 / 365 / 415.

* If 244 is not taken on MCB then we can expect stock to hit ATL which is below 110 before starting next bull cycle.

* So investors should understand the importance of 244 MCB & act accordingly
Trend Analysis

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