September 14, 2015
Coal India (NSE Cash)
339 - 336
14 - 21 sessions
Source: Falcon (Chart Time: 11.00 IST)
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.
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.
September 14, 2015
Last 5 recommendations
Recom. Buying/Selling Range CMP
Bank of Baroda
176 - 175
SL Revise to 179
1008 - 1000
1080 - 1090
Exited at 1090
855 - 851
248 - 250
Research Team Tel: 022 - 30940000(Extn: 6552) Website:
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