COROMANDEL is trading now at very important zone. It is on double top on monthly basis and giving breakout on a daily & weekly basis. If it wants to go up, it will go up with momentum. If it wants to go up, it will go up with momentum. If it rejects then we have to understand that double-top play its role.
COROMANDEL buy above 915
Target 920, 930, 935, 950
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Coromandel International has given a strong Break out with good volumes. The company has strong presence in fertilizers, specialty nutrients, organic fertilizers, crop- protection and bio-pesticides. PE ratio of the company is little bit on the upper side currently at 17.9. Market cap of the company is Rs. 24,931 Crores. Entry now can be taken above 862 closing...
NSE:COROMANDEL
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The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Bullish above 890 if 1 day close
Target 956, 1010+
SL: 850
Risk is yours and Reward is too yours totally
Time Frame : 1-3 Months
Big Breakout and also Big Pattern trend line breakout Potential
coromandel int is break down at major support of 741 and it retarce again the level of 741 so its opprtunity for shorting the coromandel as shows in chart U can put stop loss as 750 and tagtet as around 700 NSE:COROMANDEL
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
technicals
W pattern
good volume breakout
taking support at 200 dma
waiting for confirmatory candle
i.e next candle should be green with closure above 200dma
RSI 50
ADX 24 -also indicating weak ongoing trend
stock is inside a harmonic pattern and double tested .782 level, a stoploss at 2 % roughly coming around 790 so stoploss should be there and target 1 should be 868, at 1.3 level of the prz.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals and near swing high.
Coromandel International could confirm head and shoulders pattern within 2-3 trading sessions and if it does the targets would be as follows:
Target 1- 760
Target 2- 720
Target 3 - 640
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Today...
The stock has broken out and looks to take support and took a support at the previously upper trendline. Trade is supported by brokerage calls and Supports Nearby including 200 EMA .
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zone and previously Lower Trendline and target is place near swing and channel high.
Note: As the market is under...
