The short-term outlook is bullish for Coromandel International. The stock is getting very good buyers below ₹2,300 over the past one week. The region between ₹2,300 and ₹2,250 can continue to act as a strong support zone and limit the downside. Moving average cross overs on the daily chart also indicates bullishness. Additionally, a rounding pattern on the chart also strengthens the bullish case for the stock. Coromandel International share price has potential to target ₹2,500-2,550 in the coming weeks.
Video Credit: Businessline
Traders can buy Coromandel International shares now at ₹2,368. Accumulate on dips at ₹2,320. Keep the stop-loss at ₹2,240 initially. Trail the stop-loss up to ₹2,395 as soon as the stock goes up…
