sunnyfutures

Will Cochin Again Hit 400!!!

Long
NSE:COCHINSHIP   COCHIN SHIPYARD LTD
On Weekly Chart, Share trade in the range between 340 to 395. The last time when it breaks 395 level -it rises up to 441 and falls back to support level . From the Last three weeks, it starts momentum upside.
Short-term Target:
With stop loss 365, the target of 395 rs
Long Term Target:
Target of Rs 440 which is a 17% return with no stop loss.
I Will Update weekly basis.
Comment: The share closed at 383 in a positive trend. waiting for our first target 395 in next week. Also, expecting good growth in PAT results. If, All the factors come as expected will achieve our main target soon.
Comment: Today, Our Short term target of Rs 395 achieve. Traders book profit or revised your stop loss as per your strategy. The share today touch 402 high and not able to hold and close 393 which is near to resistance level.
Comment: Chart pattern showing upward trend on weekly target and stock is trying to break resistance level but failed to hold.
Comment: last 2 weeks it touches 400 level, if you trade it then good profit earn. Long term target still open
Comment: Share is traded between 375 to 400 range. Buy again at a lower level and book profit at near to 400 level for the short term. the long-term strategy is still open.
Comment: Again share hit 400 level. Book profit for the short-term target.
Comment: See the chart, the share is rising towards 450 level with good volume. may hit our target in this week our long term target. also, the results are good.
Trade closed: target reached: share hit a high of 433 which is near to our target 440. Keep stop loss revised if you want to hold but the current scenario says book profit as vix is increasing and there is a chance market may slip further.