Coromandel | Swing Trade | Breakout trade
Chart Analysis
1) Stock moving out of support & resistance zone
after 2 months
2) Chart creates Hammers which is good sign of bullish trend
The stock has been taking support from it's daily support zone and is now forming a triple bottom pattern.
Now it is going to test it's short term resistance zone and if breaks and sustains 1130 level we can expect a bullish reversal here.
This idea is for Educational Purpose only.
This is not a BUY/SELL recommendation,
Learn & Earn,
Dr. Tanya Kumar
sell > 1120 upto 1130
sl close above 1130
easy tg - 1085
Not suggested
Disclaimer : This is my personal analysis for study purpose not intended for trading.
# COROMANDEL INTL #
# SHORT TERM VIEW BEARISH #
# SELL - 1250 : 1260
# TG - 1150 - 1100
# CBSL - 1320
# R : R - 1 : 2
This is not an investment advice and also please note this is only for education purpose.
So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Very interesting bounce on the weekly TF.
Trade activates only above the previous weeks close.
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"It is literally true that millions come easier to a trader once he knows how to trade, than hundreds did in the days of his ignorance."
- JL
It specializes in fertilizers, crop protein, bio pesticide, specialty nutrients, organic fertilizers.
Market Cap₹ 35,491 Cr.
ROCE 38.3 %
InstHold 28.3%
Breakout into bluesky with Volume.
#StocksInFocus
Coromandel Intl Cmp 1141 dated 29-11-2023
1. Triangle BO @ 1143
2. Volume Rise
3. RSI on verge of BO
Buy above 1143 target 1165-1175-1185-1200
SL 1115
Pattern Target 1270 SL 1090
It is just a view, please trade at your own risk.
COROMANDEL INTL, near 200SMA. Expect to face resistance at 966 and correct upto 20EMA
for the support and resume upward trend. Also, formation of rounding bottom / Cup & Handle pattern
suggest long term target of 1240.
Stock is already in a good uptrend and is on a support of 20&50 ema. It is my own setup on entry on pullback. You can just take a paper trade to check accuracy.
COROMANDEL :- Rounding bottom pattern is formed, if upside breakouts and sustains, we may see upside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to...
COROMONEL IN STRONG uptrend
and should be traled for higher targets
“There are four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose.”
― Michael W. Covel
Hey Pivsters,
↘︎ NSE:COROMANDEL chart is self explanatory seeing the momentum in PSU/PSE sectors and here the price is standing at a level of Yearly Breakout (YH4) .
• Monthly Pivot Timeframe for reference ⇣
• ATH and 52W high Levels for reference ⇣
