Weekly Timeframe Analysis – Coromandel International
Coromandel is maintaining a Higher High – Higher Low (HH–HL) structure on the weekly timeframe and is currently taking support from the Supertrend indicator, with immediate support near ₹2100. The stock is also forming a broadening pattern with a strong support zone around ₹2050.
If the stock breaks below this zone, the next major polarity support lies near ₹1800–1850.
However, if the ₹2050–2100 support holds in the shorter timeframe, we may see upside momentum towards the upper boundary of the pattern near ₹2900.
In case the shorter-term support fails, we will wait for the long-term support before reassessing the potential targets.
Key Levels to Watch:
Support: ₹2050–2100 / ₹1800–1850
Resistance / Potential Target: ₹2900
Coromandel is maintaining a Higher High – Higher Low (HH–HL) structure on the weekly timeframe and is currently taking support from the Supertrend indicator, with immediate support near ₹2100. The stock is also forming a broadening pattern with a strong support zone around ₹2050.
If the stock breaks below this zone, the next major polarity support lies near ₹1800–1850.
However, if the ₹2050–2100 support holds in the shorter timeframe, we may see upside momentum towards the upper boundary of the pattern near ₹2900.
In case the shorter-term support fails, we will wait for the long-term support before reassessing the potential targets.
Key Levels to Watch:
Support: ₹2050–2100 / ₹1800–1850
Resistance / Potential Target: ₹2900
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.