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Coal India was in the recent down trend and formed a Exhaustion Gap in a downtrend on 23/03/2018.
Stock opened as a gap down mimicking as a runway gap at the open, but at the end of the day filled the gap completely
It opened at Rs. 266.65 and previous day close was at Rs.269.40.
After opening much lower it moved up forming a bullish candle and closed above the previous day close at Rs.269.95.
Volume was highest in last 4 days.
The exhaustion gap indicated that recent down trend is over.
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