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.
COROMONDEL, READY FOR BREAKOUTCoromondel is about to break out from the resistance from July-2020. Long above 840.
For Educational Purpose.
