Exactly 6 months before I have shared my bearish view on Cochin Shipyard Ltd you can find in the link below.
Now expecting a sharp decline of up to 60% from current level towards 880 level.
The valuation is concerning and don't just buy because of business media promotions and the recent momentum.
I have plotted the corrective pattern which I see clearly without any alternative view.
Do your own due diligence before taking any action and this insight must not be considered as a trade recommendation.
Peace!!
Now expecting a sharp decline of up to 60% from current level towards 880 level.
The valuation is concerning and don't just buy because of business media promotions and the recent momentum.
I have plotted the corrective pattern which I see clearly without any alternative view.
Do your own due diligence before taking any action and this insight must not be considered as a trade recommendation.
Peace!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.