Stocks

stock ideas: Market Trading Guide: Coal India among top 4 stock recommendations for Wednesday – Stock Ideas

Target: Rs 250
Stop Loss: Rs 205

Coal India is gradually moving in the upside direction within the upward sloping channel made on the daily chart. Prices are about to breach the upper trend line of the channel. Momentum indicators suggest a channel breakout in coming sessions. With a stop loss below Rs 205, one can expect prices to move towards Rs 250 or higher levels.

(Analyst: Ravi Gangan, Mehta Equities)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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