August 25, 2015
Coal India (NSE Cash)
BUY
` 336
` 348 - 346
` 370
5-10 sessions
342
338
365
372
Bullish
Morning
Star at
support
Source: Falcon (Chart time - IST 14:10)
Of late, this stock has witnessed a massive price erosion of nearly 25 percent from the recent
peak.
However, last three candles on the daily chart resemble a ‘Morning Star’ pattern. The said
pattern has occurred near the strong support and hence can be given some importance.
Looking at the hourly chart structure, we expect a near term bounce in the stock prices.
Thus, we advise traders to buy this stock from current level to a decline up to ` 346 for a
target of ` 370 in coming 5 to 10 trading sessions. The stop loss for this trade set up can be
kept at ` 336.
August 25, 2015
Coal India (NSE Cash)
Last 5 recommendations
Date
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Recom. Buying/Selling CMP Target 1 Target 2 Stop-loss
Status
Active
25-08-2015
Reliance Ind
BUY
840 - 835
851
880
-
815
Active
25-08-2015
TCS
BUY
2585 - 2570
2570
2710
-
2510
Target Achieved
21-08-2015
Maruti Suzuki
SELL
4555 - 4575
-
4310
-
4700
Target Achieved
20-08-2015
LT
SELL
1780 - 1785
-
1705
-
1828
Exited at 264
19-08-2015
M & M Fin.
BUY
265 - 263
-
282
-
255.50