COROMANDEL RESISTANCE BREAKOUT20-01-2021
Entry @ 842
Target : 1000
Stop Loss : 793
Education Purpose only
COROMANDEL trade ideas
Coromandel - Ready for the Breakout!!!Go Long once it sustain above and retest the level of 830
Strong weekly breakout. Be watchful.
Levels are given on the chart
#Coromandal InternationalBreakout All time high with good volume after 5+ months consolidation. Can Accumulate @CMP for long term investment.
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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.
