As we can see the channel pattern has broken down with a huge red candle.
Which shows a weakness in the script.
The price may go up for a Re-test(620-630 zone) and then the price may fall as expected.
Entry Price =625-630
SL= 639.80
REWARD=490 (at least 18%)
PS: This is just for educational purposes.
If any doubt, feel free to reach.
COROMANDEL | Breakout after 135 days consolidation, simple channel breakout. Also looks Flag in weekly time frame.
Looks good for 18%
CMP : 845
SL : 790
Target : 980
P.S : Ideal to enter near 840 zone for better risk reward, hope to see some retracement in a couple of days.
