COROMANDEL trade ideas
Coromandel Short Term Breakout TradeThe 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 selling pressure, enter only after confirming a reversal.
COROMANDEL TARGET 850CORO LOOKS LIKE ITS READY TO BOUNCE OF ICHIMOKU SUPPORT ON WEEKLY! Price is just at support level on kumo clouds. If it sustains this level on the weeklies then we can see a nice rally as history suggests during April-May and onwards (Please look at chart YoY for April-May)
Momentum also picking up along with catalyst factors of Monsoon season. Coromandel looking like a great buy!
COROMANDEL INTL 4HRBEARISH BAT
Ultra high volume down bars - trap of Smart Money , Higher volume-Professionals are buying into the public selling..
is Gap going to be filled or straight down..Price need to follow GREEN TREND LINE and hit Targets , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL SELL
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thanks for my masters trading panthulu, day trader telugu, and nayan pokarkar.
These are all for educational purpose please consult your financial advisor before investing your hard earned money.