Coal India shares drop 6% after OFS launch. Buy the dip or wait? Here’s what technical indicators suggest
- Posted on May 27, 2026
- By Business News Today
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- 1 min read
Coal India shares drop 6% after OFS launch. Buy the dip or wait? Here’s what technical indicators suggest
Coal India shares fell over 6% after the government announced a Rs 5,000 crore offer for sale at a 10% discount to the previous closing price. Analysts said the stocks near-term trend has turned cautious, with key support levels around Rs 428–430 and resistance seen near Rs 455–460.
