Target: Rs 436

Stop Loss: Rs 369
Coal India is displaying a strong bullish trend on the daily chart and it has broken out of a falling trendline, indicating a potential trend reversal and the start of an upward move. This breakout is accompanied by rising volumes, highlighting strong buying interest and validating the bullish sentiment. A decisive breakout above the Rs 400 resistance level could trigger a sharp rally toward the short-term target of Rs 436.

On the downside, immediate support lies at Rs 378, while a stop-loss at Rs 369 is advised to limit risk.

(Amruta Shinde, Research Analyst, Choice Broking)
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