Coromandel International Ltd – Technical View

📊 Coromandel International Ltd – Technical View Timeframe: Daily After a strong recovery from the falling wedge breakout, the stock faced rejection near the upper Bollinger Band and is now forming a Right Shoulder structure, indicating loss of upside momentum. Price has slipped below short-term averages, suggesting consolidation to mild corrective phase in the near term. 🔑 Key Levels Immediate Resistance: ₹2,320 – ₹2,350 Support Zone: ₹2,260 – ₹2,250 Major Support: ₹2,100 – ₹2,050 📉 Outlook As long as the stock stays below ₹2,350, upside looks capped. A breakdown below ₹2,250 can trigger further downside towards ₹2,100. Fresh bullish strength only on sustained move above ₹2,350 with volume. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS