Coromondel - succesfully retested just updated new price levels for fresh entry
buy above 925
SL 850
Tgt 960 1000 1050++
COROMANDEL trade ideas
Coromandel Short term positive.Use this dip to add longs.
Simple Range break. New swing high expected soon.
Ready for range break on daily.
Smaller candles: Contraction Phase. ( Sideways move )
Big Candles : Expansion phase. ( Trendy move )
Expect a breakout soon.
Looking at risk, Breakout trade can be attempted.
Simple swing high swing low method based on price volume movement.
No need of indicators, pivots etc.
Stop loss 825
Targets 980/1050
Coromandel- FlagCoromandel at great buy point. RS turning positive, Flag and pole formation along with good volumes near 50 EMA. Can move towards 1200 levels and beyond soon.
COROMANDEL Intraday tradeGo long only if market is bullish and stock sustains above the supply zone for over 10-15 minutes.
Trade with accurate position sizing and risk management.
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
