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Coromandel Engineering Company Limited

COROENGG.BO•BSE
Consumer Cyclical
Residential Construction
₹94.50
₹1.85(2.00%)
Indian Market opens in 1h 41m

Coromandel Engineering Company Limited (COROENGG.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Coromandel Engineering Company Limited (BSE:COROENGG.BO).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

COROENGG.BO Technical Analysis Summary

Coromandel Engineering Company Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish to Bearish Risk (RSI: 70.48)
Trend Strength:Moderate (ADX: 25.21)
Volatility:Medium (ATR: 3.57)
Support/Resistance:$61.41 – $95.30 (Bollinger Bands)

This mix signals that Coromandel Engineering Company Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 70.48

Bearish
Overbought, selling pressure may emerge.

Stochastic %K: 100.00

Bearish
Overbought levels may trigger pullback.

Williams %R: 0.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 31.89

Strongly Bullish
Strong upside momentum.

Takeaway:Insufficient data to determine overall momentum trend.

Trend & Volatility

MACD: 2.79

Bullish
Bullish, trend momentum is strengthening.

ADX: 25.21

Moderate
Moderate trend, direction gaining strength.

ATR (14): 3.57

Medium
Medium volatility, healthy price movement.

CCI (14): 109.24

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Coromandel Engineering Company Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$95.30
Middle Band (SMA 20)
$78.35
Lower Band
$61.41
Current Position
Within Bands

Takeaway:Coromandel Engineering Company Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$89.26
Middle Line (EMA 20)
$82.13
Lower Channel
$75.00
Squeeze Status
No Squeeze

Takeaway:Coromandel Engineering Company Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-43.04K
Money Flow Index76.10Bullish, inflows support continued momentum.
Relative Vigor Index88.08Bullish, price momentum strongly favors buyers.

Overall Takeaway:COROENGG.BO shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Coromandel Engineering Company Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

Overall Recommendation:Coromandel Engineering Company Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

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