COALINDIA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis Summary for COALINDIA

Technical Rating: 3.6

📈 Trend Status & Chart Patterns

Trend Status: The stock is currently consolidating after a steep correction from its 52-week high.

Pattern Observed: Price action suggests a sideways channel between ₹375–₹400. No clear breakout or breakdown yet.

Price Action: Trading below both 50 DMA and 200 DMA, indicating lack of momentum.

📉 Moving Averages

50 DMA: ₹389 — Current price is below, signaling short-term weakness.

200 DMA: ₹401 — Also below, suggesting medium-term bearish bias.

Signal: Bearish alignment; watch for crossover or bounce near ₹375.

📊 RSI & MACD

RSI: 45.4 — Neutral zone, neither overbought nor oversold.

MACD: -2.03 — Slightly negative, indicating weak momentum.

Signal: No strong directional bias; momentum is muted.

📉 Bollinger Bands

Price is near the lower band, suggesting mild oversold conditions.

Signal: Potential for a bounce, but confirmation needed.

🔊 Volume Trends

Current Volume: 51.07 lakh vs 1-week Avg: 47.68 lakh — Slightly above average, indicating active participation.

Signal: Volume spike without price breakout suggests indecision.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 375 Recent swing low, psychological

Support 2 349 52-week low, strong base

Resistance 1 389 50 DMA, short-term resistance

Resistance 2 401 200 DMA, medium-term resistance

🎯 Entry & Exit Zones

Optimal Entry: ₹370–₹375 (near support with tight stop-loss)

Exit Target: ₹395–₹405 (if bounce materializes)

Stop-Loss: ₹348 (below 52-week low)

🧭 Final Take

COALINDIA is in a consolidation phase with neutral momentum indicators and price hovering near support. While fundamentals remain strong, technicals suggest waiting for a breakout above ₹389–₹401 for confirmation. Traders may consider range-bound strategies until trend clarity emerges.

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