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FalgunPrajapatiTrading

coromandel - Equity / F N O / Intraday - swing - long term

Long
COROMANDEL INTL (NSE:COROMANDEL)  
FalgunPrajapatiTrading Updated   
NSE:COROMANDEL   COROMANDEL INTL
Trend Analysis Chart Patterns Technical Indicators Double Bottom intraday swing LONG Bullish Patterns channelbreak Parallel Channel
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trendanalysis chartpattern indicator doublebottom intraday swing long bullish channelbreak parallelchannel
COROMANDEL

INTRADAY - SWING - LONG TERM

Date of analysis : 27 January 2021

Time Frame : 60 Minutes

Graph Pattern : Double Bottom

RSI Indicator : RSI Bullish Divergence


Observation :

1. Accumulation between 745 - 750
2. Trendline Breakout in zone of 745 - 750
3. Important support 725 -730.
4. After channel breakout Trend will be bullish.
5. Price action, indicator and pattern indicates possible Bullish move after channel breakout.

Intraday : 768 - 770 / or as soon as channel breakout/ or accumulation zone 745 - 750.

Stop loss : Not more than 2%

Target For short term / SWING = 466 - 780 - 795 - 800 (Strong Resistance) - after managing to break 800 underlying will move very fast

Long term Target - 466 - 780 - 795 - 800 - 815 - 880 - 910 - 950

Note : FnO Trader can go long in Future with Married Put strategy (Buy Future + ATM Put)
Comment:
Entry : Entry triggered at 768 today (28 January 2022. Time 9.18 ) with stop loss 758.00.
Intraday target 1 hit at 780.00 9.45. Going towards second Targe 795.00
CMP = 790.00
Comment:
Bullish as per expectation

768 to 780 - 795 - 800 - 815 HIt.
Comment:
BOOOOOOM
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