Cochinshipyard
cochin shipyard bearish. 340 supportA head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
In this case, we have a conviction of a bearish trend.
wait for trend to break 340.
318/305 are close targets.
COCHIN SHIPYARD - SWING TRADEentry,SL,and target is mentioned in the chart
Chart perfectly respecting the channel.
shows reversal from the support.
respecting and taking support @ 200ema
personally third time entering throughout this channel.
Possible breakout in Cochin Shipyard...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only.
COCHINSHIP can Sail to the other side?COCHINSHIP has given a breakout from Ascending triangle pattern which it has been trading under from the last three months. The target, according to the pattern, is near to the possible 2-year trendline. If it can cross these levels, the next resistance can be High of the previous swing which is around 490 levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
Go long in cochin shipyardvery good pattern if it breaks the resistance very good move expected.....pl. study yourself before investing positional
