Stock of the day: Buy Coromandel International Ltd For Target Rs.980 – Religare Broking

Coromandel International Ltd

* In line with other fertilizer counters, Coromandel also retraced from its record high and tested monthly support around 850 levels.

* The last five month of price action result in formation of a reversal pattern. Set for a breakout now.

* Reclaimed major moving averages too, with noticeable volumes. Adding to confirmation.

* We thus recommend creating fresh longs in the mentioned range.

 

 

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