coromandel - swing trade
Coromandel International Ltd.
Pattern: Ascending Triangle Breakout
Current Price: 1,839.30 INR
Entry Point: Enter the trade at the breakout level, which is around 1,839.30 INR.
Stop Loss: Place your stop loss slightly below the lower trendline of the ascending triangle, around 1,780.00 INR, to manage risk.
Target 1: Set your first profit target at 2,058.80 INR.
Target 2: If the price continues to rise, set your second profit target at 2,305.40 INR.
Volume: The significant increase in trading volume supports the breakout, indicating strong buying interest.
Summary
Entry Point: 1,839.30 INR
Stop Loss: 1,780.00 INR
Target 1: 2,058.80 INR
Target 2: 2,305.40 INR
Pattern: Ascending Triangle Breakout
Current Price: 1,839.30 INR
Entry Point: Enter the trade at the breakout level, which is around 1,839.30 INR.
Stop Loss: Place your stop loss slightly below the lower trendline of the ascending triangle, around 1,780.00 INR, to manage risk.
Target 1: Set your first profit target at 2,058.80 INR.
Target 2: If the price continues to rise, set your second profit target at 2,305.40 INR.
Volume: The significant increase in trading volume supports the breakout, indicating strong buying interest.
Summary
Entry Point: 1,839.30 INR
Stop Loss: 1,780.00 INR
Target 1: 2,058.80 INR
Target 2: 2,305.40 INR
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