Build long positions in Coal India, target Rs 465: MOST

Sacchitanand Uttekar of Motilal Oswal Financial Services told CNBC-TV18, "If you look at the entire pattern of Coal India, we saw a very good breakout on the medium-term scale and the stock has already rallied upto Rs 440. We are seeing a very healthy correction since last three days and the stock again comes back to the support level of around Rs 425.""It is a very good reward to risk scenario where one can build up long positions again. We have a stop loss at Rs 408 and we expect this particular price action to unfold a new wave right up to Rs 465," he said.