getsetrade
Long

Coal India- Double Bottom- Buy

NSE:COALINDIA   COAL INDIA LTD
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Coal India after moving in a downtrend made a double bottom formation. It has also broken out of a 5 month long trend line with volumes. Now, it is retesting the breakout levels/ neckline. It is good buy at CMP 258.25 with a Stop Loss of 252 for a target of 272.
Comment: sl hit
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