Is coal india moving towards demand zone?

The ₹360–₹380 zone can be considered a major demand/support zone for Coal India based on the broader daily chart structure. This area previously witnessed strong buying interest, with the stock forming a base around ₹370–₹380 before beginning a significant upward move toward the ₹450–₹490 region. The long-term trendline also passes close to this zone, strengthening its technical importance. With the stock currently around ₹402, continued weakness could bring ₹380 into focus as the first major support area, while ₹360–₹370 represents the deeper part of the demand zone. If the price approaches ₹360–₹380 and shows bullish reversal candles or increased buying volumes, it could indicate renewed accumulation; however, a decisive daily/weekly breakdown below ₹360 would weaken this support structure and could signal a deterioration in the broader technical trend.