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Cochinshipyard

COCHIN SHIPYARD analysisCOCHIN SHIPYARD is forming wave of Zig-zag pattern. We can see the previous fall has 5 waves within it forming wave of Zig-zag. According to the rule, wave will go a minimum 23.6% and a maximum of 50%. Anyone in the buying side in COCHIN SHIPYARD, should exit at these levels, as the price will fall again to form wave of Zig-zag. Trend changes above 61.8% level. This analysis is based on Elliott Wave theory and Fibonacci. This analysis is for educational purposes only. This not buying recommendations. Please always do your research before you take any trade.
NSE:COCHINSHIPLong
by theprofityogi
Cochin Shipyard Ltd - Breakout OpportunityDate : 6-Jun-2024 Rating : Buy - Positional Trade LTP : Rs. 1,853 Targets: (1) Rs. 2,100 --> (2) Rs. 2,390 --> (3) Rs. 2,860 SL : Rs. 1,630 on daily close basis Technical View: • NSE:COCHINSHIP is going through it's secondary uptrend within primary uptrend. • After touching the high of 2100 on 3-Jun-2024, it has retraced 22% to 1630.55 level. • On 6-Jun-2024, NSE:COCHINSHIP has broke out from minor downward line within secondary uptrend. • Prices are trading above 20 DMA, 50 DMA and 21 DEMA. • RSI is trading at 60.62 and MACD is trading at 164.40. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:COCHINSHIPLong
by vicky252
Stock Market Analysis Report: Cochin Shipyard Limited All aboard the Cochin Shipyard Limited stock, because this ship is ready to sail to new heights! 🚢💹 We’ve spotted some thrilling price action and technical patterns that promise a profitable voyage. Let’s dive into the details. Price Action Overview Chart Analysis Current Price: ₹2,679.95 Daily High: ₹2,679.95 Daily Low: ₹2,405.05 Volume: 13.027M Key Technical Indicators Breakout Point Entry: The chart shows a breakout above the previous resistance level, signaling a strong upward trend. Volume Spike: There is a notable increase in volume, confirming the breakout and indicating strong market interest. Detailed Analysis Breakout Point Entry Formation: The stock has been steadily climbing, breaking through key resistance levels marked as A, B, and C. The latest breakout point entry is a clear indicator of bullish momentum. Significance: This breakout suggests that the stock has the potential to continue its upward trajectory, as it has overcome significant resistance. Volume Spike Volume Increase: The recent volume spike is significant, as it demonstrates heightened trading activity and investor interest. This adds credibility to the breakout and suggests sustained momentum. Implications: High volume during a breakout typically indicates that the new price levels are supported by strong buying pressure, reducing the likelihood of a false breakout. Price Targets and Support Levels Immediate Resistance: ₹2,800.00 - This is the next level to watch for potential profit-taking. Support Levels: Primary Support: ₹2,438.25 - This level should act as a strong support if the price retraces. Secondary Support: ₹2,200.00 - A more conservative support level that aligns with previous consolidation areas. Why did the shipyard stock bring a life jacket to the market? Because it’s ready to float above the rest! 🛟📈 Conclusion Cochin Shipyard Limited is exhibiting a strong bullish trend with a confirmed breakout and significant volume spike. Keep an eye on the resistance level at ₹2,800.00 and monitor the volume to ensure the breakout sustains. Happy trading, and may your investments be as sturdy as a ship's hull! 🌊⚓ Disclaimer This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions
NSE:COCHINSHIP
by TRADING-NASA
COCHINSHIP FOR 2350Cochin Shipyard Ltd is the largest shipbuilding and maintenance facility in India. It is part of a line of maritime-related facilities in the port-city of Kochi, in the state of Kerala, India. Of the services provided by the shipyard are building platform supply vessels and double-hulled oil tankers. We recently see a good conslidation in defence stocks and now investors are return to Defence stock ahead of budget. So i am expecting a good move in Defence sector, on charts Cochinship is looking good. CMP : 2025 SL :1850 TARGET : 2350 Note: its not any stock recommendation it is only for educational purpose.
NSE:COCHINSHIPLong
by rohanbangad
8
Cochin Shipyard Ltd - Breakout OpportunityDate : 14-May-2024 Rating : Buy - Positional Trade LTP : Rs. 1,343.20 Targets: (1) Rs. 1,508 --> (2) Rs. 1,718 ++ SL : Rs. 1,170 on daily close basis Technical View: • NSE:COCHINSHIP is in its primary uptrend and also going through it's secondary uptrend. • Within the current secondary uptrend, NSE:COCHINSHIP has retraced 15% from top. • On 14-May-2024, NSE:COCHINSHIP has broke out from minor down trend line with higher than average volume. • NSE:COCHINSHIP has also closed above 20 DMA and 21 DEMA on 14-May-2024. • RSI is trading at 64.28 and MACD is trading at 63.43. • Looking strong to continue the current uptrend. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:COCHINSHIPLong
by vicky252
8
Cochin Shipyard Ltd - Breakout OpportunityDate : 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. • NSE:COCHINSHIP has broke out from its secondary down trend on 1-Apr-2024 with higher than average volume. • RSI is already above 50. MACD is also already above 0. • Since last few sessions, it has also sustained above 20 DMA. • Looking strong to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:COCHINSHIPLong
by vicky252
1
Cochin Shipyard Ltd. - Mid and Long Term OpportunityDate : 4-Dec-2023 Rating : Buy (Mid Term as well as Long Term Opportunity) LTP : Rs. 1,188.65 Target: (1) Rs. 1,258 --> (2) Rs. 1,497++ Outlook : The order book of NSE:COCHINSHIP has jumped to Rs. 22,000 crore, which is six times its expected revenue in the current fiscal. Further, the company is eying new projects having a bidding pipeline of about Rs. 84,000 crore for the next one year. In the first half of the current fiscal, NSE:COCHINSHIP has achieved about 35 percent of the revenue guidance of about Rs. 4000 crore for the fiscal 2024. To counter China in Indian Ocean region, India plans to have 160 warships by 2030 and 175 by 2035 at an estimated cost of two trillion rupees. The INS Vikrant joined the fleet last year and was made by a popular Defense Public Sector Undertaking (DPSU) Cochin Shipyard Limited . Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:COCHINSHIPLong
by vicky252