Here are the answers to readers’ queries on the performance of their stock holdings.
I bought Coal India at ₹292. The stock is in a downtrend. Shall I hold or book loss and exit?
Krishna Mohan
Coal India (₹174.7): The stock of Coal India is in a downtrend across all-time-frames — short, medium and long term.
In June 2019, the stock encountered a key resistance at ₹270 and resumed its long-term downtrend. Since then, it has been in a medium-term downtrend.
A significant resistance at around ₹215 capped the stock’s upside in early November last year and again in early January this year; thereafter the stock continued to trend downwards.
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