COCHIN SHIPYARD
Stocks corrected almost 1300+ point from all-time high. now completing double Zigzag correction. now have stoploss of 1505 and going to long in this stock. my target is beyond your imagination so i m just giving you a view. you set your own limits
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in my above analysis.. add Accumulation Distribution line and mark a price range from (X) to recent price.. and in same time, see accumulation distribution range too...
you will see one thing, as price drop is 30 % range and accumulation distribution is just 6 %.. this clearly indicates after (X) 1941, no one was interested to short this stocks, even accumulation observed... i m still not bearish on this stock and still hold as 2 to 3 year of investment horzion..
Mark my word.. " IF STOCK TAKES DOUBLE OR TRIPLE CORRECTION, PRICE BOUNCE WILL BE VERY SHARP TOWARD 127.2 % OF ENTIRE PATTERN... ULTIMATLY LOOKING FOR 3350+ ( THIS IS NOT TARGET.. ISKE UPER TO TEJI KI SHURUVAT HOGI"
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