COALINDIA Breaking out of Downward Channel

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COALINDIA has broken out of its downward channel and is one of the last stocks to recover from the March Covid-19 fall. RSI has reached overbought conditions which indicates strength. The stock is likely to reach 38.2 Fib retracement and psychological zone of 150, crossing which 61.8 Fib retracement of 175 would be the next potential target.