Trend Reversal Stock: COCHIN SHIPYARD
Updated
Cochin shipyard has been in a downtrend for a long time.
Cochinship took strong support around 1687 levels with good volume.
If the reversal is confirmed, we can expect to reach toward next resistance zones like 2271, 2687.
In case of breakout failure, the next support levels are 1369, 1260 levels
Cochinship took strong support around 1687 levels with good volume.
If the reversal is confirmed, we can expect to reach toward next resistance zones like 2271, 2687.
In case of breakout failure, the next support levels are 1369, 1260 levels
Trade active
Cochin shipyard failed to capitalize on the support taken at 1687 level.
It fell from the level to the next support zone between 1369 and 1271.
The support was decisively respected and rebounded strongly in the last couple of sessions.
It has to break the 1678 resistance (previously support) in weekly closing for a decisive upside movement.
The target can be 2900 levels (ATH)
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