Manohar_Shanmugam

COROMANDEL - 5 YR TREND NICELY HOLDING

Long
NSE:COROMANDEL   COROMANDEL INTL
Stock has been moving in an Uptrend channel ever since 2019...

Interesting is the fact that everytime the stock tests the upper trendline of the channel, it has made sure to test 100 EMA .

Putting this behavior into assumption, on breach and close abv 1272 on Weekly closing basis, has potential to hit 1370-1400 and might return back to around 1100, only to go further higher to 1500

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