Buy Coal India Ltd For Target Rs.242 - Religare Broking
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COAL INDIA
* Coal India is trading around the neckline area of the consolidation range, after seeing a breakout from the same after 9 months.
* It is healthy consolidation, offering fresh buying opportunity to those who missed the chance earlier.
* The chart pattern combined with signals from the indicators is pointing towards trend resumption soon.
* We thus suggest initiating fresh longs in the mentioned zone.
Buy Coal India Ltd CMP (Rs) 229.75 Range; 228-230 SL 224 ;Target 242
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