COROMANDEL - Swing Trade Analysis

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

Swing Trade Rating: 4.5

📊 Analysis Summary

Coromandel International (COROMANDEL) is showing strong bullish momentum backed by excellent quarterly earnings growth and rising foreign institutional interest. The stock is trading above key moving averages with high volume and a healthy RSI, making it a very attractive candidate for swing trading in the short term.

🔍 Technical Indicators

RSI (61.8): Bullish — strong momentum but not yet overbought.

MACD (+30.8): Strongly positive — confirms upward trend.

Price vs DMA

Current Price (₹2,495) is well above 50 DMA (₹2,322) and 200 DMA (₹2,037) — bullish setup.

Volume: Significantly above average — confirms buying interest.

📈 Fundamental Snapshot

P/E (37.4) vs Industry PE (26.1): Slightly overvalued — priced for growth.

PEG Ratio (9.56): High — valuation stretched relative to growth.

ROE (16.8%) & ROCE (23.2%): Solid profitability.

EPS (₹76.7) vs Price (₹2,495): Reasonable valuation.

Qtr Profit Growth (+62.2%): Exceptional — strong earnings momentum.

FII Holding ↑ (+3.67%): Strong institutional buying — bullish signal.

DII Holding ↓ (-3.11%): Mild domestic profit booking.

Debt to Equity (0.07): Very low — strong financial health.

Dividend Yield (0.48%): Low — not a key factor for swing trading.

✅ Entry Strategy (If Not Holding)

Optimal Entry Price: ₹2,460–₹2,480 range, on minor pullbacks.

Ideal entry when RSI dips slightly below 60 and MACD remains positive.

Confirm with continued volume strength and price holding above 50 DMA.

🚪 Exit Strategy (If Already Holding)

Exit near ₹2,620–₹2,650, close to recent high and resistance zone.

If price drops below ₹2,400, consider stop-loss at ₹2,370 to protect gains.

⚖️ Final Verdict

Coromandel is a technically strong, fundamentally robust stock with excellent momentum and institutional support. It offers a high-probability swing trade setup with clear upside potential and manageable risk. Ideal for traders looking to ride short-term strength.

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