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