Nooresh Merani of AMSEC Research told CNBC-TV18, "Technically over the last three years, Rs 300 to Rs 330 was a zone where Coal India was finding a lot of support. Since it has broken those levels, every rise to Rs 300-330 zone is seeing a lot of selling pressure. So as an investor or a trader, it is better to get off in this band and wait for lower levels again."
"Apart from that unless one has a view of more than one-two years, we cannot expect any major moves into the stock. So at Rs 300-330 zone, one can take an exit," Merani said.
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