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jayaprakash99

COCHINSHIP can Sail to the other side?

Long
COCHIN SHIPYARD LTD (NSE:COCHINSHIP)  
jayaprakash99  
NSE:COCHINSHIP   COCHIN SHIPYARD LTD
Trend Lines Triangle Support and Resistance Ascending Triangle cochinshipyard NIFTY
4
0
trendline triangle supportandresistance ascendingtriangle cochinshipyard nifty
COCHINSHIP has given a breakout from Ascending triangle pattern which it has been trading under from the last three months. The target, according to the pattern, is near to the possible 2-year trendline. If it can cross these levels, the next resistance can be High of the previous swing which is around 490 levels.

Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.

Happy Trading.
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