TradingView
Timonrosso
٢٧ آذار مارس ٢٠٢٣ ١٢:٠٩

Coal showing strong downside to 177 - Watch out with companies بيع

COAL INDIA LTDBSE

الوصف

Descending Triangle formed on coal and the price recently broke out.
Now with coal commodities, no matter how well a company is doing - the futures trumps any company.
This is because coal is already at low prices of production and when the price drops, company revenues and profits drop with it.
Think of supply and demand.
More supply results in drop in demand which lowers the price.
Price<200
RSI<30
Target 177.54
المزيد