Momentum Pick: Coromandel International’s RSI in bullish terrain; will it stop underperforming?
Coromandel International is a stock that has underperformed the Nifty50 by more than 10% during the past 12 months. However, the weekly and monthly strength indicator RSI remains in bullish terrain, which signals growing strength in the stock. This could trigger an upward move resulting in a potential gain of Rs 200 per share.
