Bullish Price Action in Coromandel: A Long Opportunity?

May 26

The one-day time frame chart of Coromandel International stock is looking gold due to strong price action. After a breakout, the stock started an upward move, forming higher highs and higher lows twice, which indicates a solid bullish price action. Recently, the stock traded at an all-time high of Rs. 1273.95, followed by some profit booking. If the price follows the trend line and reaches it again, it presents a good entry point for a long position with a target of Rs. 1350 to Rs. 1400.

COROMANDEL

Jul 3

Note

AS THE PRICE ACTION FOLLOWED PRICE HAS RISEN TO 1600 and our targets are completed cautious traders should book profits on these levels