COROMANDEL trade ideas
Coromandel InternationalIt presents range between 794 to 823 on hourly chart. Although consolidated on daily chart. Might retrace back for a while.
COROMANDEL INTERNATIONAL | BULL FLAGCOROMANDEL INTERNATIONAL is into manufacturing of chemicals & agro chemicals. With Agri sector emerging as only COVID resilient sector the stock breaking out above previous ATH warrants attention. The stock seems to be on a strong upward momentum with next potential target at around 835. The stock seems to be a good buy around 20 period Moving Average (Daily time frame) at about 745 with a stop below 723(Daily closing basis) for a target of 835.
Coromandel Intl Long - Above 200 and 50 EMA and clear breakout Coromandel Intl Long - Above 200 and 50 EMA and clear breakout in day chart with High volume
SL - 570 target - 634
Coromandel International Ltd IMMEDIATE SHORT TERM SELLCoromandel International Ltd IMMEDIATE SHORT TERM SELL
On a daily timeframe, price showing exhaustion and meets at 78.6 Fib Level
