Coromandel International Ltd.
Coromandel International Ltd. is currently consolidating within a bullish ascending triangle pattern, with key resistance at ₹1918-1920 and strong support at ₹1710 (50-day MA). Indicators like RSI and MACD signal growing bullish momentum, suggesting a potential breakout above ₹1920, which could lead to targets of ₹2000-2050. However, a breakdown below ₹1710 could shift sentiment bearish, with downside targets at ₹1660-1550. Traders are advised to wait for a decisive move outside this range, entering long above ₹1920 or short below ₹1710, while using tight stop-loss levels to manage risk effectively.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.