Watchout for cup and handle breakout in COCHINSHIP
The stock is making a cup and handle pattern on the weekly time frame. It has also reported good quarterly results associated by good volumes lately.
3 weeks back it tried to give a breakout but failed to give a strong weekly closing.
One can enter this stock for intraday above 700 level for 1-2% gains. For swing we need a weekly closing above 700 or daily closing above 717. Positional targets would be 750, 790, 850, 900 and 960. I have used fibo extensions to get some of these levels.
Final level is calculated based on depth of the handle.
Learn & Earn,
Dr. Tanya Kumar
3 weeks back it tried to give a breakout but failed to give a strong weekly closing.
One can enter this stock for intraday above 700 level for 1-2% gains. For swing we need a weekly closing above 700 or daily closing above 717. Positional targets would be 750, 790, 850, 900 and 960. I have used fibo extensions to get some of these levels.
Final level is calculated based on depth of the handle.
Learn & Earn,
Dr. Tanya Kumar
For high probable swing picks, join t.me/EquityResearch_PAC_bot
TG channel t.me/priceactionchart
My TG ID @tanya151181
Course details:
tinyurl.com/PAC2COURSE
All Ideas posted by me are for Educational Purpose.
TG channel t.me/priceactionchart
My TG ID @tanya151181
Course details:
tinyurl.com/PAC2COURSE
All Ideas posted by me are for Educational Purpose.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.