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Coromandellong

Coromandel International (NSE: COROMANDEL) ForecastWait for the weekly close Based on the daily chart for Coromandel International (NSE: COROMANDEL), here is the summary: Key Levels: - Breakout Level: Around 1287-1290 Current Price: - Current Price: 1287.85 Chart Analysis: 1. Ascending Triangle Pattern: The stock has formed an ascending triangle pattern, a bullish continuation pattern, which it has recently broken out of. 2. Breakout Confirmation: The breakout from the ascending triangle indicates a potential upward move. 3. Targets: - Short-Term Target 1: 1320 - Short-Term Target 2: 1380 - Long-Term Target 1: 1450 - Long-Term Target 2: 1700 Strategy: - Entry: The stock has already broken out of the ascending triangle. A potential entry point would be on a pullback to the breakout level (around 1287-1290) or on confirmation of sustained upward momentum. - Stop Loss: Consider placing a stop loss below the breakout level, around 1260, to manage risk. - Targets: - For short-term trades, consider taking profits at 1320 and 1380. - For long-term trades, the targets are 1450 and 1700. Conclusion: - The stock has shown a strong bullish breakout from the ascending triangle pattern. The breakout suggests a continuation of the upward trend, with short-term targets at 1320 and 1380, and longer-term targets at 1450 and 1700. Monitoring the price action around the breakout level is crucial for confirming the trend and making informed trading decisions.
NSE:COROMANDELLong
by The90sTraderOfficial
TRADE SETUP_ 10% upside for COROMANDELThis specialty chemical stock is seen in a beautiful Elliot wave structure since the Jan 2023 and has outperformed not only its peers but also major Indian Indices. The stock recently had a steep and swift decline in October. This very declined was in fact the wave iv of wave 3 and now the stock has kicked off in the Wave v of Wave 3 structure. It would be wise to wait for a small dip in the stock(towards 1070-1080) to make an entry and ride next wave up towards the 1215 zone. Note*- Please do own your own research and analysis before taking up any financial positions.
NSE:COROMANDELLong
by neeraj_2_sharma
Long Term Investment Idea Coromandel International Ltd. Coromandel International limited is a company founded in 1960. Originally named Coromandel Fertilisers, the company is in the business of fertilizers, pesticides and specialty nutrients. CMP of the stock is 934.05. Negatives of the company are High promoter pledge and Declining cash flow from operating activity. Positives of the company are no debt, improving annual net profit, improving quarterly net profit, FIIs and MFs are increasing stake in the company. Entry in the stock can be taken after closing above 941 levels. The targets will be 974 and 1009. Long term target of the stock will be 1044 and 1096. The stock is a long term investment idea. Stop loss should be maintained at closing below 878.
NSE:COROMANDELLong
by Happy_Candles_Investment
Coromandel looking stronger by every passing dayCoromandel 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 and the targets will be 888 and 923. A stop loss should be maintained at closing below 700. The stock can also be added on bounce between 775 and 800 if it dips a bit. Educational purpose only. For Paper Trading.
NSE:COROMANDELLong
by Happy_Candles_Investment