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Technicals for Coal India Limited
By MusingTheNews
2025-05-30 20:30
Overall Technical outlook
Price Summary
On 2025-05-29, Coal India Limited's stock opened at 400.0, spiked to 401.2, declined to 397.0, and closed -0.45% lower at 398.2, with 7722384 shares traded. The stock's peak price over the last 52 weeks is 540.4, with the lowest being 354.2. According to 24 analysts, the future price is anticipated to vary between 350.0 and 585.0, with an average expected price of around 446.83334.
Technicals
Support and Resistance: With the current price at 398.2, support is found at 393.65 and resistance at 406.0. These levels indicate where buyers might step in at 393.65, while sellers could limit gains at 406.0, defining a trading boundary for Coal India Limited. Support/Resistance for COALINDIA
Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Aroon chart for Coal India Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Bolinger Bands chart for Coal India Limited
Parabolic SAR: The PSAR remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level offering a foundation for further growth. Parabolic Stop and Reverse chart for Coal India Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Stochastic chart for Coal India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish formation, suggesting a downtrend. However, the slopes of the 20 and 50 SMAs are beginning to waver, indicating that the bearish momentum may be losing strength. This weakening could signal a potential shift towards bullish price action, as the market's current downward trajectory shows signs of faltering and a possible reversal may be near for COALINDIA. Tripple SMA chart for Coal India Limited
When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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