Date: 1-Apr-2024
Rating: Buy - Positional Trade
LTP: Rs. 968.3
Targets: (1) Rs. 1,088 --> (2) Rs. 1,320
SL: Rs. 880
Technical View:
• COCHINSHIP is in its primary uptrend since Jun-2023 and was recently going through it's secondary downtrend.
• After touching the life time high of 945 on 31-Jan-2024, it has retraced 25% to 713.35 level.
• COCHINSHIP has broke out from its secondary down trend on 1-Apr-2024 with higher than average volume.
• RSI is already above 50. MACD is also already above 0.
• Since last few sessions, it has also sustained above 20 DMA.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Rating: Buy - Positional Trade
LTP: Rs. 968.3
Targets: (1) Rs. 1,088 --> (2) Rs. 1,320
SL: Rs. 880
Technical View:
• COCHINSHIP is in its primary uptrend since Jun-2023 and was recently going through it's secondary downtrend.
• After touching the life time high of 945 on 31-Jan-2024, it has retraced 25% to 713.35 level.
• COCHINSHIP has broke out from its secondary down trend on 1-Apr-2024 with higher than average volume.
• RSI is already above 50. MACD is also already above 0.
• Since last few sessions, it has also sustained above 20 DMA.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Comment:
23-Apr-2024
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CochinShip 13% up today. Touched a new life time high of 1280.
LTP: 1,251.95
29% up from suggested level.
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CochinShip 13% up today. Touched a new life time high of 1280.
LTP: 1,251.95
29% up from suggested level.
Comment:
25-Apr-2024
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LTP: Rs. 1326.25
2nd target of Rs. 1,320 reached. 37% up from suggested level.
Technicals are still strong. If rally continues, can eye on 1,550.
NEXT TARGET: Rs. 1,550.
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LTP: Rs. 1326.25
2nd target of Rs. 1,320 reached. 37% up from suggested level.
Technicals are still strong. If rally continues, can eye on 1,550.
NEXT TARGET: Rs. 1,550.
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LTP: Rs. 1,081.2
1st target of Rs. 1,088 reached. 12% up from suggested level.
NEXT TARGET: Rs. 1,320