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Stock Radar: 5-year breakout on weekly charts opens room for this coal player to breach 300-mark; time to buy?
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Coal India has rallied about 20% in a week, which triggered a breakout from a 5-year long corrective phase, and hit a fresh 52-week high in September.The breakout has opened room for the stock to head towards Rs 300 levels in 3-4 weeks, suggested experts.The stock rallied from Rs 236 on 1 September to Rs 282 recorded on 8 September, which translates into an upside of 19.5% in a week.The stock was largely consolidating in the last 3 months, but
. Read more on economictimes.indiatimes.comAbout this in other media
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