Coromandel coming towards it's demand zone @ 860 - 840 and expecting a bounce towards 885, 905, 940 and 960 levels.
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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 :)
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NSE:COROMANDEL Coromandel gave a breakout of a resistance trendline on March 17, 2022 , now it has retested the levels n rising again . T1 - 930 , T2 - 1020 , T3- 1100 keep SL of 700
📈 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...
Hi everyone, Coromandel intel long term swing trade consider buy above: 744. targets: 834/922/950, stoploss: 756.
LOGIC BEHIND TRADE: Stock has formed (w) pattern & given breakout of resistance buying on pull back will make RR good (targets identified from harmonic xabcd pattern level 1.272/2.414) stoploss is taken previous swing low. Stock is considerable for...
NSE:COROMANDEL
coromandel intl share at support so stop loss would be small. This can be a good swing trade opportunity. Trade as per your trade setup.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on...
A gravestone doji is appeared 3 days ago in NSE:COROMANDEL . As we know gravestone doji is super bullish candle if it is at the right position in the chart. You can see doji comes after a long downtrend it means now it will show you a upward move upto or above its previous high.
Ride this horse with your trailing stop loss.
Go long only if market is bullish and stock sustains above the supply zone for over 10-15 minutes.
Trade with accurate position sizing and risk management.
Note: 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.
