COROMANDEL trade ideas
#Coromandal InternationalBreakout All time high with good volume after 5+ months consolidation. Can Accumulate @CMP for long term investment.
Disclaimer: I am not a SEBI registered or authorized analyst. The charts/levels/stocks posted will be only for educational purpose and not a buy/sell recommendation. I will not be responsible for your any losses & profit. No any kind of legal actions will be entertained for the same.
COROMANDEL - Bullish BreakoutNote: 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.
COROMANDEL: 5 Month DARVAS BOX Breakout! ⚡⚡Trendlines and levels are marked. Candle is good bullish and volumes are good enough spiky!
COROMANDEL | Breakout after 135 days consolidationCOROMANDEL | 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.
Cup Handle breakout in CoromandelFirst possible target is the upper end of channel.
It can also give channel breakout.
Coromondal Internal Consolidation...it has been consolidating since Aug-2020 between 700-830 levels.
Stock has formed morning star pattern on daily basis at support trendline.
Stock has closed above 800 level on weekly scale.
it has given breakout on hourly chart at resistance trendline.
It is forming Higher lows on daily basis.
RSI is at 55 levels, bullishness intact.
breakout at 830 levels could bring 20% upside.
Track this stock for breakout.
COROMANDEL COROMANDEL weekly consolidation break above or below the rectangle will bring momentum to the script
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading.
COROMANDEL INTL - Long BountyFolks, we have spotted a Bounty on the long side in NSE:COROMANDEL
We have had a time wise and a price wise consolidation after the upmove from April Low's and it looks set for a continued move to the North.
Chart is self explanatory. This is part of the older charts I have posted earlier which you can see below. This stock would be part of the rural/Infra theme. I have invested in this scrips, since April Lows.
COROMANDEL - CUP AND HANDLE IN FORMATION Price has taken support of the 20 day EMA and is moving up to form the handle of the cup looks a good buy at cmp for initial target of 839 with SL of 770 and a breakout from the cup and handle formation.
DISC : VIEWS FOR LEARNING PURPOSE ONLY
COROMANDELHandle preparation under progress, It will break ultimate resistance of 830 as 6 time it will hit this spot. Spot is weak now by multiple hit. GO FOR IT as it will move in uncharted territory.
