Possible Reversal!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
COROMANDEL trade ideas
COROMANDEL INTL# 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.
COROMANDELCOROMANDEL :- 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 get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Parallel Channel Pattern Breakout in COROMANDELCOROMANDEL INTERNATIONAL LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Parallel channel Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1025+.
✅Can Go Long in this stock by placing a stop loss below 960-.
Coromandel International: The Upside Breakout OpportunityCoromandel International, a leading player in the agri-input industry, is displaying a compelling breakout potential as it breaks to the upside from a symmetrical triangle pattern.
Symmetrical Triangle Breakout:
The symmetrical triangle pattern is a classic technical analysis formation, typically indicating a period of consolidation before a potential breakout. With Coromandel International stock breaking to the upside, it suggests a bullish momentum shift and the possibility of sustained upward price movement.
With Coromandel International stock breaking out to the upside from a symmetrical triangle pattern, it presents an intriguing opportunity for investors seeking exposure to the agri-input industry. However, it is essential to conduct thorough research, evaluate your risk tolerance, and seek advice from a qualified financial advisor before making any investment decisions.