As the stock emergers out of the consolidation base, the levels of 244-250 are important and can be buy zones.
If it sustains the upward momentum, expect an initial target of 270 and a secondary target of 290, with stop loss at around 230 levels.
Relative strength displays an upward bias at the moment and the stock is trading above 50 DMA.
Note: Consult your investment advisor. Not a buy/sell recommendation.
Also read my previous analysis of Coal India here:
If it sustains the upward momentum, expect an initial target of 270 and a secondary target of 290, with stop loss at around 230 levels.
Relative strength displays an upward bias at the moment and the stock is trading above 50 DMA.
Note: Consult your investment advisor. Not a buy/sell recommendation.
Also read my previous analysis of Coal India here:
