See lower levels in Coal India, says Sukhani

See lower levels in Coal India, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Coal India was a bearish pattern earlier. It was in our sell list and that continues. There is more downside here. It is a heavyweight and a largecap stock. However, that does not mean anything. The charts are suggesting that lower levels are likely. We will find out whether it’s Rs 320-330 but it is going down."
The share touched its 52-week high Rs 386 and 52-week low Rs 305.75 on 17 September, 2012 and 18 May, 2012, respectively. Currently, it is trading 11.27% below its 52-week high and 12.02% above its 52-week low. Market capitalisation stands at Rs 216,335.48 crore.