Chart of Cochinship yard speaks all, I don't need to say anything about Cochin Shipyard, if you have patience, you will see Cochin Shipyard at 720 plus in next 2-3 months.
The stock is making a cup and handle pattern on the weekly time frame. It has also reported good quarterly results associated by good volumes lately.
3 weeks back it tried to give a breakout but failed to give a strong weekly closing.
One can enter this stock for intraday above 700 level for 1-2% gains. For swing we need a weekly closing above 700 or daily...
COCHINSHIP:- Stock has formed head and shoulders pattern, wait for breakout
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rest details mentioned in the chart.
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Cochin has formed a rounding bottom pattern, if it breaks with good volumes 690 level & closes above 690 one can enter with a SL below last swing low & a target potential of 30% which is almost 965-970 price level
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The Stock is in consolidation range form Dec 22. On the last trading date, it had broken the range (580) with volume but closed with in the range. The CMP is 579.15. The stock has tested the upper range thrice in the last week.
RSI bullish, but not over bought
Short Term EMAs cross over longer term EMAs and is raising.
MACD above signal line and is mildly...
📊 Pattern: Rounding Bottom
📌 Symbol/Asset: COCHIN SHIPYARD
🔍 Description:
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.
BUY - COCHIN SHIPYARD LTD
CMP - Rs. 579
Target - 1: Rs. 666
Target - 2: Rs. 760
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Timeframe - 4-6 months
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Technicals - Bullish Triangle Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
NSE:COCHINSHIP This stock has created a falling Wedge which is Bullish and Reacting from a Trap Zone, hence expecting a Target of 609.40.
This will be approx. 5% return on investment.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea levels for 15th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade...
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.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
