Buy Coal India, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Coal India is now giving sense of a bottom formation and so it is a high risk buy. But then it is a good quality stock and we want to take some of these high risk buys. The bullish pattern is not complete, so we are anticipating a completion of that pattern. Let us go and buy it; there is some kind of base building process that is on. If it is right then we are literally buying at the lows of that base. It is worth taking a chance. If it doesn’t, well it doesn’t but it would be a buy in Coal India. It is not necessarily a day trade you have to be a little patient for the pattern to work itself out. However go for it."The share touched its 52-week high Rs 447.25 and 52-week low Rs 300.75 on 05 August, 2015 and 29 September, 2015, respectively.