Mar 18, 2013, 04.54 PM | Source: CNBC-TV18
Ashish Chaturmohta, Fortune Equity Broker is of the view that Coal India may slip to Rs 280.
Ashish Chaturmohta (more)
Head Technical & Derivatives Analysis, | Capital Expertise: Equity - Technical ,F&O
Chaturmohta told CNBC-TV18, “It looks weak because Coal India has been continuously consolidating at a lower level and at that point we have seen a very strong accumulation of shorts in this stock. Breaking this Rs 300 level again a fresh weakness may start and we may see the stock cracking towards Rs 280 levels. So, definitely looks quite weak and Rs 307-308 could be the stop loss for going short in Coal India at this point in time.”