Coal India shares drop 6% after OFS launch. Buy the dip or wait? Here’s what technical indicators suggest

May 27, 2026

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 stock’s near-term trend has turned cautious, with key support levels around Rs 428–430 and resistance seen near Rs 455–460.

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