Coal India has been trading in a parallel channel since almost a year now. It has come at its support which also happens to be the 50DMA on the weekly charts. Expect targets upto 150 and later 170. SL - closing below the channel on weekly basis.
@newbieintrading, yes you can trade in F&O for September expiry.. 140 CE is around Rs2. If it gaps up on Monday , ie, opens around more than 1% then do not enter. Wait for it to test todays low in the first 15 mins and if it again starts moving up then go long.
For F&O , wait for price to create a pattern at this level. It will not shoot up at once, Levels of 134-136 might be tested few times before moving up. Also, if channel is broken it may again come to 123-124. Good LUck.