COAL INDIA appears to have an uptrend in the coming days where its Q3 results beat the estimates as e-auction volumes were ahead of the expectations. Though its quarter earnings fell 22% investors have a positive outlook as its past patterns are indicating high market share. Though the market trend is negative coal india appears to be outperforming and today’s volume is 62% more than average volume where Coal India’s northern coalfields approved buyback worth Rs.1244.12 crore.
COALINDIA forms DOJI-LIKE PATTERN WITH BULLISH VIEW
