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the_consolidation_guy

CochinShip testing key resistance zone

Long
COCHIN SHIPYARD LTD (NSE:COCHINSHIP)  
the_consolidation_guy Updated   
NSE:COCHINSHIP   COCHIN SHIPYARD LTD
Trend Analysis Chart Patterns cochinshipyard COCHINSHIP
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trendanalysis chartpattern cochinshipyard cochinship
Notes:
  • 420-425 has been a long term resistance for the scrip.
  • The scrip has previously defined this range to be crucial through multiple rejections (as highlighted).
  • The most recent candle could be a pullback. Will have to wait for the confirmation candle to confirm it.


Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Comment:
Still consolidating
Comment:
Still waiting since the candles are hugging the resistance zone.
Trade closed manually:
Broke down... Will need to wait for the next time it comes near the top.
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