COROMANDEL - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

🌾 Intraday Trade Snapshot: COROMANDEL

COROMANDEL is buzzing with strong quarterly performance, exceptional volume, and bullish momentum. While the broader metrics scream swing trade potential, today's technicals open the door to disciplined intraday opportunities.

⭐ IntraDay Trade Rating

4.2

Momentum indicators, breakout volume, and positive MACD slope suggest strong upside potential intraday — though volatility may spike given recent highs.

📊 Technical Pulse

RSI: 61.8 → Bullish, but nearing overbought — quick moves possible.

MACD: +30.8 → Strong positive crossover; momentum expanding.

Volume: 12.56L vs Avg 7.78L → Surging participation confirms trader interest.

Current Price: ₹2,495 → Positioned above DMA50 (₹2,322) and DMA200 (₹2,037); ideal for continuation trades.

Qtr PAT Growth: +62.2% → Excellent sentiment booster.

FII Inflow ↑ 3.67% → Confidence from institutions.

🛒 Intraday Trade Setup

✅ If Initiating a Trade Today

Buy Zone: ₹2,493–₹2,500 Entry on minor pullback with bullish candles and sustained volume above 11L.

Profit Zones

₹2,525 → resistance from intraday wick zone.

₹2,545 → next stretch if breakout sustains into closing hours.

Stop-Loss: ₹2,479 Below psychological support; exit quickly if momentum dries.

🔁 Exit Strategy for Current Holders

If you’re already holding intraday

Exit Signal Triggers

Price stalling near ₹2,520 with RSI flattening or crossing 65.

MACD histogram plateaus or begins contracting.

Volume drops below 10L after 1 PM — possible fadeout.

Exit Range

₹2,520–₹2,540 zone for partial or full booking if candles show rejection (e.g., doji, upper wicks).

Trailing Stop Setup

If price crosses ₹2,550, move SL to ₹2,525 and watch momentum + volume interaction before market close.

💡 Quick Insight

COROMANDEL is hot on the charts today. It’s riding strong fundamentals and momentum, making it one of the better intraday candidates — just keep your stops tight, as high PEG and broad overextension could invite late-day reversals.

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