Coromandel International - A clear winner Even in the current scenario, Stock has got all the strength it needed
Currently stock is following Diagonal support Resistance pattern as can be seen from the chart
Possible change of directions can be seen on the charts
Lower time frame compulsion will be necessary as the volatility is at its peak
Still if it holds the current area of 1710 - 1680 it has an easy chance of making new highs in coming days
Coromondel
Coromandal Analysis !! Broke Out.📈 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 Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
📊 #coromandel INTL swing opportunity 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 them. We are not SEBI registered.