Stock of the day : Coal India Ltd by Target Rs. 415 - Religare Broking Ltd

Coal India Ltd
Buy Coal India Ltd CMP 391.45 Range 390-392 SL 379 Target 415
* COALINDIA is demonstrating constructive bullish momentum following a consolidation phase, having successfully broken above a declining trendline.
* Price action is sustaining above key short-to-medium term exponential moving averages e.g. 21, 50 and 100 DEMA, reinforcing upward bias.
* Rising volumes validate the breakout and indicate renewed accumulation while fresh buying likely to emerge.
* Investors may initiate long positions at technically favorable entry levels to capitalize on the developing trend.
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