Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "The charts of Coal India have given a sign of an imminent breakout not once but many times but it has failed. However, I would still be bullish on Coal India and buy at current level. Once that breakout happens, it won’t stop."
At 11:42 hrs Coal India was quoting at Rs 384.65, up Rs 5.95, or 1.57 percent. It has touched an intraday high of Rs 385 and an intraday low of Rs 380.40.
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