Stock is trading at all time high and formed a Price Action Pattern Rounding Bottom, wait for stock to give a strong Breakout.
CMP : 678
Target : 757
Target 2: 853
Target 3 : 963
Stoploss : 639
This is not a buy or sell call, this analysis is shared for educational purpose.
NSE:MAZDOCK has out-performed its peers NSE:COCHINSHIP and NSE:GRSE since the start of 2023. However, all 3 stocks have out-performed the market. These 3 have created significant wealth for investors. Fundamental triggers are plenty for these companies. Defense sector is looking very strong and one should definitely keep an eye on these 3. Order book is also...
COCHINSHIP:- Stock has formed head and shoulders pattern, wait for breakout
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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📊 Pattern: Rounding Bottom
📌 Symbol/Asset: COCHIN SHIPYARD
Moment Stock with Possible Breakout
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Cochin Shipyard Ltd has formed Cup & Handle Pattern.
Can be added after breakout around 555-560 with target of 700 and set Stop loss at 527.
Pattern is forming on daily chart.
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 441
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn...
cochin shipyard high volume candle HL : 354.9 & 326
Golden ratio level near 294
it will get boost above 355...
wave analysis given on chart... waiting for 3rd impluse wave to start..
views are educational