COCHINSHIP Resistance is broken 🤑NSE:COCHINSHIP
the resistance of a 417 is broken it may take a retest on that level u can buy now or wait for the retest you can use 370 level as a your SL
targets are given below -
1- 463 & 2- 548
COCHINSHIP trade ideas
COCHIN SHIPYARD PRICE ACTION PLAYFantastic Stock rally taken place in Cochin shipyard. All Important Levels marked for study purpose. Now trying to form VCP pattern in 4 HRS chart. Also check volume for next break out level. Stage 2 level is valid for Cochin Shipyard. Happy learning with Swingtradeacademy.
next target cochincochin shipyard next target . 838 ... gain 26 % syop loss previous red support candle below plus buffer
Ascending channel breakout expectation in CochinshipAscending channel breakout expectation in Cochinship above 528
Please follow strict risk reward and stop loss for capital protection..
Thanks,
Vichithra
BREAKOUT IN COCHIN SHIPYARD1 = Stock has broke important trendline
2 = given breakout on weekly time frame
3 = stock is above moving averages
4 = stock has good buying volumes
our analysis is for educational purposes only
COCHINSHIP - Looking good for mid to long termCMP - 525.10
Tracking for mid to long term (looks good on monthly/weekly chart)
Bullish momentum
Price above 5/20/50/100/200 MA
Highest closing levels since May 2018
Good increase in volume
*Not recommendation
Trend line BreakoutStock price has broken out from the downward sloping trend line on the weekly chart.
Stock price has broken out on the daily chart where it is trading at highest level since may 2022.
Primary trend of Stock is positive as it is trading above its 50,100, and 200 day moving averages.
plus DI is trading above minus DI while ADX line is placed above 25 and started rising. Indicating stock price is likely to gather momentum in the current uptrend.
Momentum oscillators like RSI and Mf1 are in rising mode and placed above 60 on the weekly chart, indicating strength in the current uptrend.
Considering the Technical evidences discussed above, we recommend buying Cochin shipyard at cmp of 364 tgt 405/420
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.
COCHIN SHIPYARD LTD (LONG)Good support at 350 - 345 - 340 level
good volume coming
ready to fly
Buy near 350-360
SL 333
Tgt 380-395-422
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
COCHIN SHIPYARD LTDi have mark everything on chart, stock name is cochin shipyard ltd. we can initiate a buy around 350 with SL of 300 target 600
thanks
Coachin Shipyard looking good to buy at current levelsCoachin Shipyard can be looked for buy st current levels
Bullish on Cochin ShipyardCochin shipyard is near near its resistance and looks good to break the resistance and move to 415. On daily chart, EMA 200 is 335 and and RSI is 59.
Cochin Shipyard - Wait for retest of Breakout to enterCochin Shipyard - Wait for retest of Breakout to enter
SL - 370
T1 - 395
T2 - 412
T3 - 425
T4 - 461
India's first indigenous aircraft carrier. INS Vikrant !The south china sea has picked up more traction off late with the Malacca strait being the gateway between the Pacific and Indian oceans .
Hence critical for China so keeping that in mind i feel moving forward the Navy is going to give some major orders to this yard along with other countries.
Price dropped from about 600 to just under 200 so i think we are in a new market cycle now .
lower time frame next as of now looks good to continue till at least 400 .
carrier sea trials start soon so assuming they get a nice payday as well :)
