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the_consolidation_guy
Jun 15, 2021 2:36 PM

CochinShip testing key resistance zone Long

COCHIN SHIPYARD LTDNSE

Description

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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