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srikartiram
Dec 28, 2020 7:58 AM

COROMANDEL | Breakout after 135 days consolidation Long

NSE:COROMANDEL1D
COROMANDEL INTLNSE

Description

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COROMANDEL | Breakout after 135 days consolidation, simple channel breakout. Also looks Flag in weekly time frame.

Looks good for 18%

CMP : 845
SL : 790
Target : 980

P.S : Ideal to enter near 840 zone for better risk reward, hope to see some retracement in a couple of days.

Comment

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Flag pattern in weekly time frame

FlagParallel ChannelCandlestick Analysisbreakoutconsolidation-breakoutshorttermwaitforretestriskrewardalltimehigh
Comments
sourabhhunk
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Breakout failed
srikartiram
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@sourabhhunk,

Yes but still it is a good buy. Can buy 50% now
Remaining at 720 level or above 830
sourabhhunk
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@srikartiram, right I also doing this
Sugest me for good swing trade except this
rakeshkalvakolanu
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Hey bro please watch balakrisha industries chart . I think it's good for swing trade
srikartiram
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@rakeshkalvakolanu, It is retracing or profit booking is happening. I expect it will come down another 4 to 5%
rakeshkalvakolanu
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@srikartiram, 👌👌👌
rakeshkalvakolanu
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Can I but Infosys for short term at this price?
srikartiram
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@rakeshkalvakolanu, Hello, its all time high now and RSI momentum showing some weakness. Since we dont have clear target and view its better to wait for dip near support area. Generally if we dont have clear target it is must to take entry near good support zone. INFY immediate support 1225, 1180.
rakeshkalvakolanu
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@srikartiram, ok bro or can I buy infy at this for long term ?
srikartiram
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@rakeshkalvakolanu, for long time you need to wait for good dip atlaest till 1100 range. If you tempted just buy 30% of your desired qty at current price. Remaining decide your buy after second week of January until the USA elections are over the market will remain very volatile.

We discuss here about swing and short time picks. Keep in touch we can discuss.
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