Coromandel moving towards its all time high.In a weekly chart, coromandel has bounced back from its 61.8% retracement zone and moving towards its all time high. This can be an opportunity to go long above 633 with Sl@506
COROMANDEL
Breakout of Worst Time. Coromandal InTBuy above 630
Target : 666, 700+
SL: 610
Risk is yours and Reward is too yours totally.
Coromandel Intl: Will The Breakout Happen?Your guess is as good as mine with respect to the above question. Better to wait for the price to display its intentions. A breakout past the high of the trading range would be a positive outcome and could propel the stock into a mark-up phase.
Please be reminded that, this is a monthly chart and it makes sense to wait for monthly close above the range before jumping to conclusions.
