Cochin Shipyard: Breakout on daily time frameCochin shipyard is looking good for long. Price action with good volume activity can be seen. Keep on radar.
COCHINSHIP trade ideas
Buy Today, Sell Tomorrow: COCHINSHIPDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 3-5% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 1% or closing below the low of the breakout candle
The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR
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 the rest of the time they either consolidate or fall
Resistance Breakout in COCHINSHIP
Buy Today, Sell Tomorrow: COCHINSHIP
cochinship has a BAT pattern target of 415stock is forming a BAT harmonic pattern the D point of which falls at a price level of 415
cochin shipyard took the support from golden ratio 61.8% 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
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalCOCHIN SHIPYARD
Stock giving trendline breakout with volumes recently and then good bounce from BO levels
Buy above 355/360 levels on closing basis,
with SL of 340.
for positional targets of 375/390/410
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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#Cochinship long opportunity#Cochinship long opportunity
Target -380/390/400+
PRZ-346
SL-339
CMP:364 @ 7 November 2021
Cochin Shipyard Breakout trade Bullish as other shipyard companies
Have broken 10 months old downtrend line
could be a good entry at current levels or at a retest of around 346
Stay tuned
COCHINSHIPIf you want (price action) of any charts then drop the stock keyword in the comment section.
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Thank you.
Note: Don't trade without stoploss because risk management is the main key in trading.
cochin shipyard breakoutbreakout in cochin shipyard .details are given in charts. For educational purpose only.
COCHIN, Go LongCOCHIN RSI showing strength, good price momentum. Bouncing from support. Reversal seen on charts
#Cochinship long opportunity#Cochinship long opportunity
Target -380/390/400+
PRZ-346
SL-339
CMP:364 @ 7 November 2021
Positional Opportunity in Cochin ShipyardGo Long above 379.85 for Targets of 402.4 and 344.3, and 424.95 with SL 357.3
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also there is a strong support zone (marked with green color), from which the stock is taking support and moving up.
4. There is a resistance zone (marked with red color) from which the stock may face resistance, so we have placed our final target just below this zone.
buy above given levelgiven a reversal from downtrend then retraced a bit and consolidated for few days. today a wide range candle with high volume is created suggesting uptrend on cards. follow the SL and Target levels
COCHINSHIP - SWING TRADECOCHINSHIP - SWING TRADE
Weekly and daily breakout. Volume breakout as well.
Good RR ratio trade. Hold for targets ;)
COCHINSHIP is at Support can give 25% returnsI 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
