COROMANDEL - Technical Analysis

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

Technical Rating: 4.3

Here’s a comprehensive technical analysis of Coromandel International Ltd. based on the latest data

📉 Trend & Price Action

Current Price: ₹2,495

Trading above both the 50 DMA (₹2,322) and 200 DMA (₹2,037), confirming a strong uptrend.

52-week High: ₹2,650 is within range, suggesting bullish continuation is likely.

Trend Status: Trending upward with possible near-term consolidation due to overbought signals.

📊 Momentum Indicators

RSI: 61.8

Bullish but bordering on overbought. Typically suggests positive momentum, with caution for a minor pullback.

MACD: 30.8

Strong positive MACD and rising histogram point to active bullish momentum.

📈 Volume & Bollinger Bands

Volume: 12.56L vs Avg 7.78L → Surge in volume, confirms interest and validates breakout.

Bollinger Bands (inferred)

Price likely near the upper band, suggesting continuation OR minor cooling off before re-acceleration.

📎 Moving Averages

Indicator Value (₹) Signal

50 DMA 2,322 Bullish (price above)

200 DMA 2,037 Strong base support

The sustained price above both DMAs supports strength in trend, with solid support from institutional buying.

📌 Support / Resistance Zones

Type Price Range (₹) Commentary

Immediate Support 2,420–2,450 Near last swing low and breakout base

Entry Zone 2,450–2,495 Pullback buys toward support

Resistance 2,630–2,650 52-week high zone

Exit Zone 2,700+ Momentum breakout target

🔍 Additional Signals

FII Holdings ↑ 3.67%: Strong foreign investor confidence.

DII Holdings ↓ 3.11%: Possible profit-booking among domestic investors.

Quarterly Profit Growth: 62.2% improvement → fuels sentiment.

PEG Ratio (9.56): Expensive vs growth; valuation caution long-term.

Debt to Equity (0.07): Minimal leverage → solid financial positioning.

🧭 Conclusion

Coromandel shows strong bullish momentum, backed by rising volumes, solid technical signals, and trend continuation above key averages. Ideal for short-term swing trades with a cautious eye on overvaluation. Enter near ₹2,450–₹2,495 on dips, and look for a breakout toward ₹2,650+ on momentum. Consolidation may follow a new high.

Want me to chart this setup visually or track similar bullish stocks for you?

Edit in a page