I am a Novice trader please treat this as observation purpose only Please do research before taking a position.
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
Buy above 630 Target : 666, 700+ SL: 610 Risk is yours and Reward is too yours totally.
Interesting Setup! Looking ready for a new All-time high if it breaks the trendline!
Buy COROENGG between 59 & 57 T1: 63 T2: 65 T3: 69 SL: 53
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...