coromandel - swing trade

Coromandel International Ltd.
Pattern: Ascending Triangle Breakout

Current Price: 1,839.30 INR

Entry Point: Enter the trade at the breakout level, which is around 1,839.30 INR.

Stop Loss: Place your stop loss slightly below the lower trendline of the ascending triangle, around 1,780.00 INR, to manage risk.

Target 1: Set your first profit target at 2,058.80 INR.

Target 2: If the price continues to rise, set your second profit target at 2,305.40 INR.

Volume: The significant increase in trading volume supports the breakout, indicating strong buying interest.

Summary
Entry Point: 1,839.30 INR

Stop Loss: 1,780.00 INR

Target 1: 2,058.80 INR

Target 2: 2,305.40 INR

Chart Patterns

Penafian