Stock of the day : Buy Coromandel International Ltd For Target Rs. 1,030 - Religare Broking Ltd
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Coromandel International Ltd
* The stock had earlier registered a breakout from a bullish reversal price pattern.
* Trading in a consolidation range while holding firmly above the support zone of multiple moving average.
* The chart pattern combined with strong volumes suggests a bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Coromandel International Ltd CMP 978; Range 975-985; SL 955; Target 1030
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