COROMANDEL trade ideas
Coromondel IntCoromondel IN ..Weekly Breakout n now Retest done...Upside open for 1000/1020/1040+..Support 840
coromandel internationalBuy Coromandel international if you get price near 770 for tgt of 1000/1070 and more
buy coromandel internationalit has retest its breakout level and have witness some buying interest. also it has taken support at 50EMA. one can accumulate between 875-865. we may see 950 in coming days. view negated below 840
COROMANDEL Channel breakoutCOROMANDEL gave channel breakout and retested, it can move higher from here or it may break down and travel within the channel pattern.
COROMANDEL1) Stock is retesting BO zone with a low volume.
2) Wait for a bullish candle on Daily and enter.
3) very good setup.
COROMANDEL - Techno Funda PickFundamentals:
+ Almost Debt free company
+ Highest Yearly Sales and Yearly profit
+ Highest Cash from Operations
+ ROCE increased from 26% in '20 to 33% in '21
+ Debtor days decreased from 48 to 14
+ FIIs stake increased from 7.04 to 7.73
Technicals:
+ All Time High (ATH) Breakout
+ Price Higher High - Higher Low on M Chart
+ Monthly MCAD Turning Positive along with ATH Breakout
+ MACD and ADX Favorable on M & W chart
Coromandel International Ltd trend line breakoutCoromandel International Ltd trend line breakout
SL bellow trendline
COROMANDEL- stock has forming rectangle pattern.
- Next level to 928/990/1058 levels .
-Support is near 790 level on chart.
On the verge of a breakout from a Range formed over a yearCoromandel is on the verge of breaking out of a range formed over the last year. If you observe on the daily chart, the green days have healthier volume than the Red days. If you plan to take a trade, please wait for a close above the trendline and then enter following your risk management rules and procedures.
Coromandel International BO and volume to be confirmedCoromandel International BO and volume to be confirmed
Break-out Pattern in Coromandel internationalCoromandel International stock seems to be breaking out. Expected higher fertiliser sales in June, combined with its market leadership in this industry, can expect the share price to be pushed higher.
CoromondelTrying to take step out of Consolidation Box
Healthy Mansoon Predictions,
In monthly/weekly chart shows good trendline breakout and Consolidation phase
CMP 860
Tgts as per technical analysis is min 950-1000
GO Long. Broke Resistance level Target 890 RsThis looks like it will form a flag pattern and in 2 days flag pole will be formed so swing trade. buy tomorrow and hold for 3 days
It has broiken th resistance level as you can see in diagram and as per fibonaccii retracement the next possible resistance is at 890 Rs so BUY BUY BUY.
ALSO RSI, MACD, DEMA Volume all indicators are super positive
Coromandel Swing Trading 5 trading daysstock is moving in the range, and on daily time frame morning star is observed. so we can expect target of 850 in 4 to 5 trading days. SL is 786.Simple price action. figure is self explanatory. Happy Trading.
COROMANDEL EducationalAs we can see the gap filled on the chart we can see some upward move in future
