Complete trade setup! Kindly follow all key levels and resistance marked on the chart. Be patient — waiting is the key in trading.
COCHINSHIP
Cochin Shipyard – Key Level Retracement & Long SetupCochin Shipyard is perfectly retracing to a key support zone, showing strength for a possible bounce.
🔹 Entry: ₹2149
🎯 Target 1: ₹2543
📈 Potential Gain: ~18.3%
🕒 Plan: Holding position unless structure shifts
This setup aligns with the current trend — looking for a continuation after healthy retracement. Tight stop-loss recommended for capital protection.
💬 What's your view on this trade?
Cochin Shipyard in Rounding Bottom PatternNSE:COCHINSHIP is in Rounding Botton Pattern following Wave 5. Immediate Target would be 1940. If you are ready to wait then Next Target would be 2200
Will the rally sustain in Cochin Shipyard or it is a bull trap?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!!
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!!
COCHINSHIP - Bullish Consolidation BreakoutNSE: COCHINSHIP is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
