I 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 -...
Coromandel 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...
Look fresh in 700-725 for upside 830 and 900 levels with SL 640..
COROMANDEL 748.20 :Closing 102.25:TradingDesk #GHCWeekendNews
#Coromandel @ 645 | 29-May-2020 - Accumulation can be initiated in the Green Zone for a mid term holding period - Positional stoploss @ 622 #Nifty #Nifty50 #NSEUPDATE #BSE #Sensex #NiftyBank #Fertilizer #Auto #FMCG
coromandel 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.
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...