Cochin Shipyard( NSE: COCHINSHIP) is formed bullish hammer candle on Weekly chart. The candle is closed little above the 38.2 Fib level, which it has been resisting for the last few sessions. It gave a breakout with good volume both on daily and weekly charts. We can place our target as next Fib level i.e, 350.
This is as per my analysis.
Happy Investing.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
This is as per my analysis.
Happy Investing.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
Trade closed: stop reached:
Stopped Out. The overall market is being bearish today.