TradersVenue

Buy CoalIndia Positional

Long
NSE:COALINDIA   COAL INDIA LTD
After a consistent decline stock has got fresh break out near 217 levels and looking strong. Valuations are cheaper for consistent dividend paying company. Looks good to buy with an closing stoploss of 215 and target of 245 in near to short term.
Comment: Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.
Comment: Stock made high of 240 in intraday.
Trade closed: target reached: Trade closed near 242.
Comment: Stock made high of 246.2. Just 3 trading sessions and nearly 10% returns.

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