Coromandel looks a good buy around 875 - 865 with the SL of 830 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Coromandel coming towards it's demand zone @ 860 - 840 and expecting a bounce towards 885, 905, 940 and 960 levels.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NSE:COROMANDEL
Coromandel International - Short Term Pick - Buy @ CMP:1040 SL-960 Target - 1190
Swing Momentum is in play unless we break below 960 on closing basis . Risk Reward is around 1:1.90 which seems decent for such conservative stock :)
Do Comment , share and "LIKE" if you find this info valuable to use .
Attached below few Related Ideas posted...
Coromandel has given a breakout for cup and handle pattern.
For the benefit of those who are new, it is a bullish pattern.
On 29/6/22 it has given a MACD breakout with good volume.
It is followed up by cup and handle breakout on 4/7/22, the breakout has happened with good volume as shown in the chart.
On next day it has retested the breakout level and today it...
buy above 985 in intraday
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If...
CHART green candle in both indices; nifty closing above 200 EMA
OC 17000-17300; 36000-37000
PCR bullish
FII 743
DII 780
FnO Data long build up
RSI 49, 48
ADX 15, 15
Conviction bearish
Bias bullish
Int. Markets green
OUTLOOK usually a gap down opening happens after such moves but int. markets are in green
TRADE NIFTY: long above 17320, short below 17220;...
📈 Coromandal International 📉
This broke out from a Resistance Zone of downtrending Trendline and closed above four months high.
On Buy Side I am looking for Targets of 870 - 880 zone followed by 920-930 Zone.
Target Calculation = 2*(Resistance Level - Last swing low)
StopLoss should be kept below 790-800zone.
It offers 1:2 Risk To Reward.
All Important...
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
