#COROMANDEL #COROMANDELINT - Reversal for retest of 930
Reversal in progress for retest of 930 ( 4/sep/21)
the negative candle shunting which brought the stock from 930-760 has been halted and reversal has started.
Entry - 800
Support - 780 ( appearance of first positive momentum candle after Indecision candles were formed with lows of 760)
Stoploss - 764
Target 1- 863 ( closing basis )
Target 3 - 930 ( closing basis )
Risk/Reward Target1 - 36/63 ~ 1/ 1.75
Risk/Reward Traget2- 36/130 ~ 1/ 3.6
the negative candle shunting which brought the stock from 930-760 has been halted and reversal has started.
Entry - 800
Support - 780 ( appearance of first positive momentum candle after Indecision candles were formed with lows of 760)
Stoploss - 764
Target 1- 863 ( closing basis )
Target 3 - 930 ( closing basis )
Risk/Reward Target1 - 36/63 ~ 1/ 1.75
Risk/Reward Traget2- 36/130 ~ 1/ 3.6
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