For COALINDIA 172.65 is a pivot support on hourly chart, below that stock may fall much lower. Also, 176.05 was a pivot support which is broken on hourly chart, now considered as resistance 1. I would not be surprised if COALINDIA goes into consolidation.
Preferable long trade is only above 180.25 subject to sustainability on 5min charts for target of 187.85 followed by 194.55 and 201.25. Prudent to book profits at levels, i.e. keep De-risking.
Short position would prefer to take if price is sustaining below 172.25 on 5min charts for the target of 169.85 followed by 162.35 and 153.15.
Coal India is a high dividend yield stock, but the charts r looking weak hence advisable to trade as per levels mentioned.
Will share the trade idea for all segments (FnO and Cash) in COALINDIA at request only.
P.s.- Please trade as per your comfort and risk.