COROMANDEL trade ideas
Coromandel International - Inverse H&S - Potential Target of 800Currently, after completing its inverse head and shoulders pattern, NSE:COROMANDEL is testing the previous supply turned demand zone.
If this zone provides required support, then it can potentially reach 800 levels.
Can it move upwards - Hope to be bullish...!!I am a Novice trader
please treat this as observation purpose only
Please do research before taking a position.
Coromandel moving towards its all time high.In a weekly chart, coromandel has bounced back from its 61.8% retracement zone and moving towards its all time high. This can be an opportunity to go long above 633 with Sl@506
Breakout of Worst Time. Coromandal InTBuy above 630
Target : 666, 700+
SL: 610
Risk is yours and Reward is too yours totally.
LONG ABOVE CLOSING OF 534..580 LOOKS POSSIBLESTOCK HAS BEEN TRENDING WELL AND RETRACED SMARTLY FROM THE LOWS..A CLOSE ABOVE 61% RETRACEMENT IS COMFORTING ZONE AND A CLOSE ABOVE 534 WILL ACCENTUATE THAT COMFORT FURTHER.
COROMANDEL Short term position Reffer chart
Price crossed 200 ema
Formed a bullish head & shoulder
This quarter monsoon rains are more than avg rain fall so expected to be recover in this stock
Entry 418 exit 1 440 exit2 460 exit3 475 SL 389
You can 1:1/2/3 risk reward ratio in short to medium term
COROMANDELHi guys, COROMANDEL look for only if it's break trend line ,sell below 417
***Use Proper Risk and Money management Rule if you don't had a one please watch the play don't trade
If you like the idea hit the thumbs up ,comment below your Q's and do share which will encourage me to post more new ideas
Thank you
Coromandel International - Buy IdeaCoromandel International - Buy Idea
.
To learn Demand and Supply Theory, contact me on Telegram-- @ah_2018
Please mention that you got my contact details from TradingView site.
wyckoff accumulation in coromandelprevious analysis of the scrip
forum.valuepickr.com
disclaimer... not an investing/trading recommendation
Double bottom with divergence combinationPerfect Double bottom formation
1) SL is 382
2) divergence formed with double bottom formation
3) money flow is up..
4) 1st immediate tgt is 440
Buy COROMANDEL in demand zone (valid only for July 2018)Buy COROMANDEL in demand zone (valid only for July 2018)
