COCHINSHIP - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | COCHINSHIP | Market Cap | 37,136 Cr. | Current Price | 1,412 ₹ | High / Low | 2,547 ₹ |
| Stock P/E | 52.2 | Book Value | 219 ₹ | Dividend Yield | 0.69 % | ROCE | 20.4 % |
| ROE | 15.8 % | Face Value | 5.00 ₹ | DMA 50 | 1,501 ₹ | DMA 200 | 1,622 ₹ |
| Chg in FII Hold | -0.48 % | Chg in DII Hold | -0.01 % | PAT Qtr | 138 Cr. | PAT Prev Qtr | 101 Cr. |
| RSI | 43.8 | MACD | -35.2 | Volume | 10,94,552 | Avg Vol 1Wk | 10,35,281 |
| Low price | 1,223 ₹ | High price | 2,547 ₹ | PEG Ratio | 4.07 | Debt to equity | 0.18 |
| 52w Index | 14.3 % | Qtr Profit Var | -25.3 % | EPS | 27.0 ₹ | Industry PE | 41.1 |
📈 Chart & Trend: COCHINSHIP is trading at ₹1,412, below both its 50 DMA (₹1,501) and 200 DMA (₹1,622). This indicates short-term and medium-term weakness, with the stock consolidating near support levels.
📊 Momentum Indicators:
- RSI at 43.8 suggests mildly oversold conditions, potential for rebound.
- MACD at -35.2 shows bearish crossover, confirming short-term weakness.
- Bollinger Bands: Price near lower band, indicating possible mean reversion.
- Volume: Current volume (10.9 lakh) is slightly above 1-week average (10.3 lakh), showing healthy participation.
🔑 Support & Resistance:
- Support zone: ₹1,380–₹1,400
- Resistance zone: ₹1,500–₹1,520 (near 50 DMA)
- Breakout resistance: ₹1,600–₹1,620 (near 200 DMA)
- Long-term support: ₹1,223
📌 Entry & Exit Zones:
- Entry: ₹1,380–₹1,410 (near support)
- Exit: ₹1,500–₹1,600 (resistance zone)
- Stop-loss: ₹1,360
📉 Trend Status: Consolidating with bearish bias. Needs a breakout above ₹1,500–₹1,620 to confirm reversal and trend continuation.
Positive
- ROCE at 20.4% and ROE at 15.8% reflect strong operational and shareholder returns.
- Debt-to-equity ratio of 0.18 indicates low leverage.
- EPS of ₹27 supports earnings visibility.
- Quarterly PAT improved (₹138 Cr vs ₹101 Cr), showing profitability momentum.
Limitation
- Stock trading below both 50 DMA and 200 DMA indicates weakness.
- PEG ratio of 4.07 suggests limited growth relative to valuation.
- Quarterly profit variation (-25.3%) highlights earnings volatility.
- FII holdings decreased by 0.48%, showing reduced foreign confidence.
Company Negative News
- No major recent negative news reported, but earnings volatility and reduced FII holdings are concerns.
Company Positive News
- Strong quarterly profit growth compared to previous quarter supports momentum.
- Low debt levels strengthen financial stability.
Industry
- Industry PE at 41.1 vs stock PE at 52.2 shows COCHINSHIP trades at a premium.
- Shipbuilding and defense sector supported by government contracts and infrastructure expansion, though cyclical risks remain.
Conclusion
⚡ COCHINSHIP is consolidating with bearish bias, trading below key moving averages. Entry near ₹1,380–₹1,410 offers margin of safety, with exit targets around ₹1,500–₹1,600. Strong fundamentals and low debt support long-term prospects, but premium valuation, earnings volatility, and weak momentum indicators pose short-term risks.
Would you like me to extend this into a peer benchmarking overlay comparing COCHINSHIP with Mazagon Dock, Garden Reach Shipbuilders, and Hindustan Shipyard to highlight relative strength, valuation gaps, and sector rotation opportunities?