At night after the lights go off, if the coral doesn't close up on it's own, take your hand or a net or something and gently wave it around the polyps until they close. Use a flashlight to look at the spot. See if the wound is fresh (white exposed skeleton) or older looking (darker, sort of greenish). If it is fresh, and you see brown jelly on it (or floating off of it), then dip it. Also, if it is fresh, but you do not see any brown jelly, take note of the size of the spot and check it the next night. If the spot gets a little larger, but there still is no sign of brown jelly, then look for amphipods chewing on the tissue around the exposed corallites.
If the damaged spot is older looking, and there is no sign of freshly exposed skeleton, then just leave it and the coral should eventually grow over the area. Target feeding will definitely help growth.