PrachiMetha

Does $NSE:COCHINSHIP will Face Resistance?

Short
PrachiMetha Updated   
NSE:COCHINSHIP   COCHIN SHIPYARD LTD
Dear Followers,


I hope this message finds you well. I wanted to provide you with a brief update on the stock COCHINSHIP I have been monitoring.

It appears that the stock is approaching a potential resistance level Near 1250-1270 This is an important technical point where the price has historically had difficulty breaking through. It suggests that we may see a temporary halt in the current upward momentum and Possibly it will test 930-900 In Downmove.


Resistance Levels to Watch out.


R1= 1210
R2= 1280
R3=1340

Support Levels To Watchout.

S1= 980
S2=900
S3= 820


As always, please remember that investing involves risks, and it's important to carefully consider your options. If you have any questions or would like to discuss this further, please don't hesitate to reach out.

Best regards,
Ajay Metha
Comment:
Not Breaking Resistance
Comment:
Successfully Resistance Broken
Comment:
Support taken Near 982 now will wait for 1100 level
Comment:
Again Entered in Downzone

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