Buy Coal India on decline: Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "Coal India has given a good strong breakout and I think that going forward the stock can move higher from current levels. The weekly chart is quite good in the stock. So, looking at that daily chart breakout this particularly upmove can be considered as a good buying opportunity."

"The stock has cooled off but still it deserves from a buy on declines perspective and Rs 285 would be a good stoploss for this trade. On the upside Rs 310-315 are the rates possible over the next 8-10 trading sessions," he said.

Disclosure: He owns Shree Renuka Sugars and has recommended the stock to his clients.