Symmetrical Triangle breakout . Triangle height 80 pointsSymmetrical Triangle breakout . Triangle height 80 points
COROMANDEL trade ideas
Breakout Isnt it.........!!!This fertilizer stock just gave a long term breakout at the range of 350-355. Sustainance above this level should take it higher towards 430/450/500++. Currently trading at 365.95..up today 5%.. I see min 30-40% Upside from here if things fall in place.
Coromandel Intl: Will The Breakout Happen?Your guess is as good as mine with respect to the above question. Better to wait for the price to display its intentions. A breakout past the high of the trading range would be a positive outcome and could propel the stock into a mark-up phase.
Please be reminded that, this is a monthly chart and it makes sense to wait for monthly close above the range before jumping to conclusions.
Coromandel Short for Day trade if it brakes 319.00 then Go Short selling Target 316/314 for Inter Day Only
Coromandel int ltdat strong support of fibonnaci retracemnet level of 78.6%, and 100 days sma, strong buy
Coromandel Intl- Formation of Ascending Triangle- Potential BuyAs seen after an upmove the price has been consolidating making equal highs and higher lows forming an Ascending Triangle in daily charts. A breakout on the upside with volumes will see 320- 325 levels with 256 as Stop Loss.
