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!!
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!!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.