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prashantmedge
May 19, 2021 2:44 AM

Buy Cochin Shipyard Long

COCHIN SHIPYARD LTDNSE

Description

Buy Cochin Shipyard at 385-387 Stoploss 363 Target 425

Study : Inverse Head & Shoulder Breakout and Retest Structure

Trade closed: target reached

Comments
KundanPandit
taken entry at 389. hoping good move upside
prashantmedge
@kkp451, entry level was 385...if u missed the level then dont run after the stock...maintain Risk Reward ratio
deshmukhraghav17
Sir is this CNC or Intraday?
pls reply
prashantmedge
vthandu
How the target is estimated?
prashantmedge
@vthandu, length of the pattern
ShivzOnline
@vthandu, The depth of the Head should give you the Target growth.
mdmalani30
Sir in daily time frame its is consolidation zone . Inverse head and shoulder pattern proves much better when it is seen downtrend . I have seen this pattern much effective in downtrend for swing trading . Would appreciate your advice on this
prashantmedge
@mdmalani30, from 2d march stock was in downtrend only it has corrected from 426 340 levels...and now this pattern formed so u can consider it as a downtrend
mdmalani30
@prashantmedge, cool sir got it
Also have a look at exide industries chart just as cochin in daily timeframe
long downtrend and then inverse head and shoulder pattern
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