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Cochinshipyard

Would you buy the dip in Cochin Shipyard Ltd?A sharp correction of almost 47% doesn't look like wave 4 by any means like others are thinking. An extended 5th wave is followed by a sharp correction. Seems like corrective Wave A has been completed and a small pullback Wave B is expected towards 2000 odd levels before further fall towards 900 odd levels as Wave C to form a Zigzag. I am just guesstimating a zigzag to support my current view, it can be any corrective pattern we will see later. I have drawn a key level which is adding confluence for the price to find support. Not a trade recommendation, do your own due diligence before taking any action. Do like and follow for more accurate insights. Peace!!
NSE:COCHINSHIPShort
by Swastik24
Live Example of Stage Analysis in action ( Cochin Shipyard )NSE:COCHINSHIP Live example of stage analysis in action ⤵️ My Trade Plan that I largely executed: ✅ Take capital out, ride the profit ✅ Keep exiting on every rise ✅ Sold some yesterday Selling one on every rise. Given how much the stock has run up, it’s time to reassess. 💛You may ask - why not exit fully? Simple: the market can be irrational for long periods. There’s no right or wrong here — it’s about how much you’re willing to give back to the market from your risk-free shares. Remember: Fundamentals are one side of the coin, but understanding how the story is sold in the market is crucial. This stock was once the market darling, but perceptions change. Time to shift to new sectors and stocks. Check out what I shared 2 months ago: YouTube Video ( first comment below) Disc: Still holding risk free shares, no recommendation to buy or sell. SEBI Certified RA
NSE:COCHINSHIP
by Peaceful-Weekend-Investing
Cochin Shipyard might not remain laggard in the weak market.Entry in Cochin shipyard Ltd. can be taken after closing above 358.5. Targets will be 382 and 401. Long term target (12 to 14 months) in Cochin shipyard will be 428+. Stop Loss should be maintained at closing below 280. Cochin Shipyard is a medium to long term investment idea. Negative aspect of the stock is the net profit which has been below par for last two years or so. Valuation of the stock is cheap as the stock trends at a PE of 8. The positive aspect of the stock is that it is a low debt PSU with Zero promoter pledge where MFs are increasing their stake. The momentum in price is good, Annual Net profits are increasing company has posted a good result which was above expectation of many experts.
NSE:COCHINSHIPLong
by Happy_Candles_Investment