Business Standard

Trading Strategies for Cochin Shipyard, Larsen & Toubro by Mehul Kothari

According to the technical analyst from Anand Rathi, Cochin Shipyard can rally to Rs 390, whereas Larsen & Toubro can slip to Rs 1,800-level.

Markets, stocks, buy, sell, trading, shares, stock market
Web Exclusive Premium

Mehul Kothari Mumbai
BUY
Cochin Shipyard
Buy Near: Rs 350
Target: Rs 390
Stop Loss: Rs 330

The stock of Cochin Shipyard has confirmed a major breakout from the multiple resistance level of Rs 346 with decent volumes.

The price action has also take shape of bullish flag breakout. This price action is being witnessed just above the placement of 200-Week Moving Average and indicates sheer strength.

Thus, we advise traders to buy the stock near Rs 350 for target of Rs 390 in the coming sessions.

SELL
LT (Larsen & Toubro)
Sell Near: Rs 1,890
Target: Rs 1,800
Stop Loss: Rs 1,940

The stock has been in a strong uptrend from Rs 1,430 towards Rs

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in