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Buy Coal India, target Rs 295: Mazhar Mohammad

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ETMarkets.com|Updated: Jul 02, 2018, 10.54 AM ISTThe current market price of Coal India is Rs 262.60.Mazhar Mohammad of Chartviewindia.in has a buy call on Coal India with a target price of Rs 295. The current market price of Coal India is Rs 262.60. Time period given by the analyst is one month when Coal India price can reach the defined target.

Mazhar Mohammad recommended keeping a stop loss at Rs 255. "For the last couple of months, this counter appears to have carved out a trading range between Rs 295 – Rs 260 levels.

As this scrip is currently trading close to the lower end of its trading range, a bounce back towards Rs 295, as happened on multiple occasions in the past, can’t be ruled out unless it breaches the lower boundary.

Hence, positional traders should make use of this opportunity and go long with a stop of Rs 255 for a target of Rs 295," said Mazhar Mohammad in a report.

Read this article in :HindiBuy Manappuram Finance, target Rs 134: Mazhar MohammadBuy JSW Steel, target Rs 293: Mazhar MohammadBuy IDFC, target Rs 68: Mazhar MohammadBuy Hero MotoCorp target Rs 4,000: Mazhar MohammadCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com ETMarkets.com.

Please consult your financial advisor before taking any position in the stock/s mentioned.From Around The WebMore from The TheIndianSubcontinent




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