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
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@RahulSaraoge
Connect us at t.me/stridesadvisory
Connect us at t.me/stridesadvisory
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.