this stock is now its near to the support zone,
multiple times price takes the help of this zone to rise. this time also this zone will push the price upside.
we have a strong demand zone lies under this support level.
keep looking for long in this stock from support zone@1000
In the event that the price of Coromandel falls below the D wave, it is recommended to establish a stop loss order at the peak of the preceding C wave, while also considering a profit-taking strategy at the 1009 level.
TRIANGLE CORRECTION : ELLIOT WAVE ANALYSIS ( ELLIOTT BABA)
A triangle is a sideways movement that is associated with decreasing volume and volatility.
Guidelines
Triangles have 5 sides, Corrective structure labelled as ABCDE
Location :
a- Usually happens in wave B or wave 4
b- Wave D in triangle itself
c- If in second then 2 will be zigzag and this will...
NSE:COROMANDEL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and...
As Per OI data and Technical Analysis NSE:COROMANDEL Coromandel International Ltd Looks Bearish if its break 1230-1227 level on closing basis. if its break this level then Probably we can see Potential Downtrend in this stock and it will test 1200,1180,1170 level on chart. and for upside this stock need to break 1265-1270 level,
This message is for...
#COROMANDEL looking for longs,
COROMANDEL can touch 1010, 1059, 1094 levels
Stop loss 886
reason for longs: got a Good breakout today, taken support, and time for a channel breakout.
This 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...
Self Stock Analysis
One can Long COROMANDEL at CMP with Stop loss 1060 it will show good up side move .
beautiful breakout done .
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Coromandel int.
Weakly chart breakout creating new life time High
PE ratio lower level best time to taking as a portfolio stock
Coromandel International Ltd is one of India's leading agri solutions provider. It offers a diverse range of products and services across the farming value chain. It specializes in fertilizers, crop protein, bio pesticide, specialty...
Title: Harnessing the Power of Bollinger Bands and RSI: A Dynamic Duo for Trading Success
Introduction:
When it comes to technical analysis, utilizing multiple indicators can provide traders with a more comprehensive understanding of market dynamics and potential trading opportunities. Two popular indicators, Bollinger Bands and the Relative Strength Index (RSI),...
Looks good to after bouncing back from 1/1 support and after being retested the downward trendline.
Positive news- Increased its stake in Dhaksha Unmanned Systems(agricultural Drone makers). Just FYI only.
We can see a cup&handle formation in the forming in the stock Coromandel International, a fertilizer company. We could Target 1100 as the target and a Stop loss around 900. Coromandel International is an Indian fertilizer company, the demand for the fertilizer may grow as the monsoon has approached India. The monsoon season is the time when most of the country's...
NSE: COROMANDEL is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 11% gain on...
