Coromandel - Up 183% in last 4 months
Updated
The chart is self explanatory
The stock has recovered from the crash of March 2020
It has gained from its low of 443 to a 52 Week High of 830 up 183%
The MFI Divergence is a concern at the moment
The MFI is at 23
The stock has strong support at 700 and 643
The Control Price is at 616 and is positively looking to shift base to 751 levels on Market Profile
The Company has a good balance with strong RoE and Healthy Dividend Payout
The stock has recovered from the crash of March 2020
It has gained from its low of 443 to a 52 Week High of 830 up 183%
The MFI Divergence is a concern at the moment
The MFI is at 23
The stock has strong support at 700 and 643
The Control Price is at 616 and is positively looking to shift base to 751 levels on Market Profile
The Company has a good balance with strong RoE and Healthy Dividend Payout
Note
As mentioned yesterday, the divergence resulted in the price getting pushed down.It is at a critical stage.
It can test 750 before continuing back its upward journey.
The nature of candle range and volumes will decide the further course.
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