COCHIN SHIPYARD analysis
COCHIN SHIPYARD is forming wave [B] of Zig-zag pattern.
We can see the previous fall has 5 waves within it forming wave [A] of Zig-zag.
According to the rule, wave [B] will go a minimum 23.6% and a maximum of 50%.
Anyone in the buying side in COCHIN SHIPYARD, should exit at these levels, as the price will fall again to form wave [C] of Zig-zag.
Trend changes above 61.8% level.
This analysis is based on Elliott Wave theory and Fibonacci.
This analysis is for educational purposes only.
This not buying recommendations. Please always do your research before you take any trade.
We can see the previous fall has 5 waves within it forming wave [A] of Zig-zag.
According to the rule, wave [B] will go a minimum 23.6% and a maximum of 50%.
Anyone in the buying side in COCHIN SHIPYARD, should exit at these levels, as the price will fall again to form wave [C] of Zig-zag.
Trend changes above 61.8% level.
This analysis is based on Elliott Wave theory and Fibonacci.
This analysis is for educational purposes only.
This not buying recommendations. Please always do your research before you take any trade.
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