COROMANDEL - SHORTCOROMANDEL is looking bearish in coming week.
Disclaimer - Only for educational purpose.
COROMANDEL
Stock Analysis of Coromandel LimitedPrice - 771.25 Dt. - 12.05.2021
Yesterday stock had given the breakout and stock continued the momentum today with small profit booking. With fertiliser stock is in focus we expect Coromandel to perform well in upcoming sessions and the stock faced resistance today at 773.85. If stock sustain above 773.85 then this stock can be a good bet.
21DEMA is ready to cross the 50DEMA from below which is a bullish sign for the stock.
#Coromandal InternationalBreakout All time high with good volume after 5+ months consolidation. Can Accumulate @CMP for long term investment.
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
COROMANDEL - Bullish BreakoutNote: This is for educational purpose only.
There seems to be bullish breakout with Ascending Triangle formation. RSI above 65 shows bullish momentum. Moreover, there is rise in volume which supports the momentum.
COROMANDAL INT - Approaching Cup&Handle & Ascending Pattern#COROMANDAL
Patterns 1) Cup & Handle 2) Ascending Triangle.
The resistance from 830-840 has been tested 3-4 times.
Another push with good volume is likely to break this resistance and form new highs.
Can trail profit at every 6-8%
Immediate support at 770 and or at 724/trendline.
Can buy on dips near 770 or at the support level.
Best to buy above the resistance or at the support level
#COROMANDEL FOR 1000STOCK WILL SOON GIVE A LIFE TIME HIGH BO SUGGESTING IMMENSE STRENGTH, ENTERING AN OPEN TERRITORY WHICH CAN BRING THE STOCK TO 1000 LEVELS WHICH IS COINCIDENTALLY ALSO DARVAS BOX TGT AT 997
BUY signal COROMANDEL at 723 , Rectangle patternI will go LONG on COROMANDEL because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 723
Target - 824
Stop loss - 697
Coromandel | Consolidating Near All Time HighCoromandel International is engaged in the business of farm inputs comprising of fertiliser, crop protection, specialty nutrients and organic compost. The stock has declared EPS of Rs 8.55 during Q1FY21 as against full year EPS of Rs 36.35 which is ~25% of full year EPS. Considering the Covid lockdown the performance during Q1FY21 was good. Also the monsoon across the country has been good, increase in sowing n acreage the demand for farm inputs is expected to increase during CFY. The stock is now consolidating near its ATH and any break above 835 will give fresh legs to the rally. Q2FY21 results holds the key.
coromandel int longcoromandel int is in an uptrend in the long term and as per Fibonacci it has the potential of reaching rs 859
CMP 673
STOPLOSS 586
TARGET 589.
Coromandel International - Inverse H&S - Potential Target of 800Currently, after completing its inverse head and shoulders pattern, NSE:COROMANDEL is testing the previous supply turned demand zone.
If this zone provides required support, then it can potentially reach 800 levels.
Can it move upwards - Hope to be bullish...!!I am a Novice trader
please treat this as observation purpose only
Please do research before taking a position.
