Bullish Price Action in Coromandel: A Long Opportunity?
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
COROMANDEL Note
AS THE PRICE ACTION FOLLOWED PRICE HAS RISEN TO 1600 and our targets are completed cautious traders should book profits on these levels
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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.
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.