COAL INDIA LTD
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COAL INDIA

107
short term target of 185/186. sl of 177
Shows a bottom formation.
Correction likely to end for a while from here. Upside of 220/30 looks possible.
Moreover, findamentally when there is a choas on shortage of coal, COAL INDIA (market leader in coal production) will look for alternatives or look to balance the demand-supply of the coal. Risk reward looks very favourable from here

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