September 14, 2015
Coal India (NSE Cash)
BUY
` 326
` 339 - 336
` 361
14 - 21 sessions
Daily Chart
Source: Falcon (Chart Time: 11.00 IST)
Justification:
Post a decent corrective action, prices are currently trading near the support zone which is 88%
retracement of the upmove from `315 - 447. The recent upmove from `332 to 367 was an
‘Impulsive’ move which has been followed by a corrective decline. Prices are trading near the
medium term trendline support and the ‘RSI’ oscillator on daily charts is showing strength. Hence we
are expecting a pullback rally in the stock in near term. Thus, we advise traders to buy this stock
from current level and on correction up to ` 336 for a target of ` 361 in coming 14 to 21 trading
sessions. The stop loss for this trade set up can be kept at ` 326.
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September 14, 2015
Last 5 recommendations
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Target achieved
Research Team Tel: 022 - 30940000(Extn: 6552) Website: www.angelbroking.com Email: [email protected]
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