COROMANDEL INTERNTL. LTD
Long
Updated

Swing Opportunity in Coromandel International

91
Go Long above 819.2 for Targets of 859.25, 899.3, and 939.35 with SL 779.15

Reasons to go Long :

1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.

2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.

3. Also there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Trade active
Entry triggered on 13 Sep 2021
Trade closed: target reached
Target 1 achieved on 06 Oct 2021

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