#Cochinship long opportunity#Cochinship long opportunity
Target -380/390/400+
PRZ-346
SL-339
CMP:364 @ 7 November 2021
COCHINSHIP trade ideas
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
Go long in Cochin Shipyardtrend reversal in cochin shipyard from its static support and bounced back for good returns @aptradingadvisor
COCHINSHIPYARD is in Trend Line Support and is Bullish!! CochinShipyard had formed MORNING STAR pattern exactly in the trendline support in weekly time frame. Right time to enter. When you observe previous movement the stock has exactly taken support at trend line and moved upward giving good returns.
Enter @ CMP 363. you can add on any dips too.
Stop Loss : 342
Target 1: 440
Time frame:1-2 months.
RiskReward: 1:4
Trade @ your own risk. Its my own analysis and any inputs are welcome.
INVERTED HEAD & SHOULDER ANALYSIS 23.08.2021BUY : 348 TO 327
TARGET : 435
Reason For Buying This Script :
In this script it is forming INVERTED HEAD & SHOULDER in monthly time frame. Now the price is coming to right shoulder, So try to accumulate in lower level.
Once the price close above 435 in monthly time & the next target up to 492 to 581.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
cochinshipits at its weekly trendline support can take a bounce from here can be good short time trade
COCHINSHIP - Respecting channel pattern and 200 EMA on daily TFCochinship could reverse from the lower trend line after taking support from 200 EMA
