Short Coal India, says Sudarshan Sukhani

Short Coal India, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Coal India was a short call earlier also and it is coming down and that short call is being repeated. Coal India for some reason has made a double top and broken down from the rally that constitutes the low of the double top. That is a very bearish pattern. I am amazed why such a wonderful stock should do this."
He further added, "Coal India is breaking down and much lower levels are likely, in fact the charts are so bearish. It is possible for the Nifty to go up and coal India to come down, so it is an independent short by itself. "