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Deepak_dc93

BUY signal COROMANDEL at 723 , Rectangle pattern

Long
COROMANDEL INTL (NSE:COROMANDEL)  
Deepak_dc93 Updated   
NSE:COROMANDEL   COROMANDEL INTL
Support and Resistance Supply and Demand Pivot Points Equity equitytrading stocktrading stockmarketanalysis stocksignals stocktowatch COROMANDEL NIFTY
4
0
supportandresistance supplyanddemand pivotpoints equity equitytrading stocktrading stockmarketanalysis stocksignals stocktowatch coromandel nifty
I will go LONG on COROMANDEL because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 723
Target - 824
Stop loss - 697
Trade closed: stop reached
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