Stock of the day : Coromandel International Ltd For Target Rs. 1767 - Religare Broking
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Coromandel International Ltd
* COROMANDEL has recently formed a double bottom formation, keeping the positive tone intact.
* Stock took support at 100EMA after some healthy correction from record highs, which impliedly reflects bullish sentiment continuation.
* Range breakout is also seen out of rectangle consolidation range.
* Verdict: Stock exhibits bullish sentiments.
* Traders can accumulate as we maintain buy in the mentione
Buy Coromandel International Ltd CMP 1667.1 Range 1664-1670 SL 1616 Target 1767
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SEBI Registration number is INZ000174330
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