Date : 1-Apr-2024
Rating : Buy - Positional Trade
LTP : Rs. 968.3
Targets: (1) Rs. 1,088 --> (2) Rs. 1,320
SL : Rs. 880
Technical View:
• NSE:COCHINSHIP is in its primary uptrend since Jun-2023 and was recently going through it's secondary downtrend.
• After touching the life time high of 945 on 31-Jan-2024, it has retraced 25% to 713.35 level.
• ...
#COCHINSHIP trading above Resistance of 809.50
Next Resistance is at 930
Support is at 614.50
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and...
#COCHINSHIP trading above Resistance of 1229
Next Resistance is at 1619
Support is at 839
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational...
#COCHINSHIP trading above Resistance of 839
Next Resistance is at 1229
Support is at 515
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
NSE: COCHINSHIP is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Cochin Shipyard is coming off a very long consolidation and it seems like a very good galloping candidate. A setup very well tested in the past and which has a good track record for quick gains.
#Watchlist
#COCHINSHIP (W):-CMP 427 Looks Good above 435, Ready For Big Blast :)
#Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.
buy above 395 for intraday and swing
for swing keep stoploss below 370 for target of 433, 490
for positional can add in dips till 360 and stoploss below 345 target 490, 590
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note:...
I will buy COCHINSHIP because :
It has been taking support at the trend line .
It has touched the support and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting.
Entry : 334
Target : 430
Stop loss : 331
COCHINSHIP : Reversal can be possible
Level marked in chart
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
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...
Buy Cochin Shipyard at CMP
Stop Loss - 379
Target - Mentioned on chart
Note- This is not a recommendation. It is just my idea. Trade at your own risk with your own knowledge and study.
