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Monday, December 23, 2024 | 06:14 PM ISTEN Hindi

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Osho Krishan is bullish on Coal India, Federal Bank & NTPC; here's why

Coal India has corrected over 10 per cent in the last trading week and is trading close to the previous consolidation zone

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Osho Krishan Mumbai
BUY COAL INDIA | TARGET: Rs 158 | STOP LOSS : Rs 140

Coal India has corrected over 10 per cent in the last trading week and is trading close to the previous consolidation zone. On the daily time frame, the stock is hovering near its long-term exponential moving average, which even coincides with the lower band of the Bollinger (20, 2), indicating strong support at lower levels. From a risk-reward point of view, the stock is inevitably a BUY and any closure above the breakout zone is expected to trigger momentum in the counter.

BUY FEDERAL BANK | TARGET: Rs 94

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