Coromandel International – Technical Analysis, Short Team

COROMANDEL is trading at ₹1992 with a marginal gain of 0.05% in the latest session. After correcting from the ₹2700 zone in 2025 the stock formed a base near ₹1700–1750 and recovered towards ₹2100. It is now consolidating around the ₹1950–2000 zone. Support & Resistance: Immediate support is around ₹1900–1870. Below this, the next support zone is ₹1800–1750. On the upside ₹2000–2050 is the immediate resistance zone followed by ₹2100–2150. Short-Term Buyers & Holders View: Fresh buying may be considered after a sustained close above ₹2,050 with strong volume. Existing holders should monitor the ₹1870 support zone. A breakdown below this level may increase selling pressure. Overall: The stock is showing recovery from its recent lows but it is still facing resistance near ₹2000–2050. A sustained breakout above this zone could improve the short-term trend. The price is also trading close to its 200-day moving average.