COAL INDIA Ltd: Buy @CMP 245.50, SL 230, Target 320, 427
Excellent bottom fishing opportunity in Coal India Ltd. Its trading near IPO Rate( Rs 0.29% .245). This zone is major support point( Analyze coal India's behavior during Aug 2013 0.25% to Feb 2014). Nearly 2cr quantity traded on major reversal day(17 Aug 2017) which was highest since Feb 2015. All in all excellent risk reward zone to initiate the trade.