Hello to everyone
As we can see on the chart the stock was trading in downtrend and has seen a sharp decline in the price. Stock continuously formed LH and LL , which confirms that price was trading in downtrend as per the Dow Theory , But this time the price has formed a higher low instead of making lower low, which indicates that the downtrend of the price...
Coromandel International limited is a company founded in 1960. Originally named Coromandel Fertilisers, the company is in the business of fertilizers, pesticides and specialty nutrients. CMP of the stock is 934.05. Negatives of the company are High promoter pledge and Declining cash flow from operating activity. Positives of the company are no debt, improving...
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COROMANDEL
1 hour : It has taken the liquidity from major high.
*Wait for the opportunity in lower timeframe (5 min) and we could see downside movement.
THANK YOU !!!!
C&H Pattern: Weekly Basis
Price / Vol. BreakOut & Builtup
*With Price Up, Trail Stop Loss*
*Book Profit as per Risk Appetite*
*Fundamentally Strong Co*
Part of the Murugappa Group, India's leading agri solutions provider.
Offers products/services across farming value chain.
Specializes in fertilizers, crop protein, bio pesticide, specialty nutrients,...
Bearish Harmonic Pattern Established, possible targets mentioned in the chart
Disclaimer - This is not a buy or sell advice. I am sharing what I see on the chat & what I am trading, based on my own knowledge & understanding. Please consult your financial advisor before taking any bets in the stock market. I will not be responsible for any profit/loss you incur...
Coromandel Intl Formed double pattern.
1) Descending Triangle
2) Double Bottom
This pattern is Bullish. It will start moving up.
Disc: Only for Learning purpose and not a trading recommendation.
Stock has given a rounding bottom breakout at 920 area
Yesterday dip made a quick retest of 920 breakout area and bounced to close flat...Till 920 area is holding expecting a move on counter
Coromandel International Ltd CMP - 973
Closing near 52 week high touching same day with good volumes on weekly timeframe.
Coming out of consolidation of range while market is down. Also outperforming index from past two weeks.
This stock can move upto 1200 in mid to long term.
Good stock to have in PF for long term steady retrurns.
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on...
