COCHINSHIP - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis Summary for COCHINSHIP (Cochin Shipyard Ltd.)

Technical Rating: 3.1

📉 Trend Status & Chart Patterns

Trend Status: The stock is currently in a reversal phase, pulling back sharply from its 52-week high of ₹2,716.

Pattern Observed: A bearish flag breakdown is visible, with lower highs and lower lows forming a descending channel.

Price Action: Trading below both 50 DMA and 200 DMA, confirming short-term and medium-term weakness.

📈 Moving Averages

50 DMA: ₹1,919 — Current price is below, indicating short-term bearishness.

200 DMA: ₹1,701 — Current price is slightly above, suggesting long-term trend is still intact.

Signal: Bearish crossover confirmed; watch for support near 200 DMA.

📊 RSI & MACD

RSI: 31.1 — Approaching oversold territory, but not yet a reversal signal.

MACD: -67.1 — Deeply negative, confirming strong bearish momentum.

Signal: Weak momentum; wait for bullish divergence or RSI recovery above 40.

📉 Bollinger Bands

Price is near the lower band, indicating oversold conditions.

Signal: Potential for a short-term bounce, but trend remains negative.

🔊 Volume Trends

Current Volume: 13.39 lakh vs 1-week Avg: 10.71 lakh — Above average, suggesting active selling pressure.

Signal: Volume spike on down days confirms bearish sentiment.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,700 Near 200 DMA, critical support zone

Support 2 1,620 Previous swing low

Resistance 1 1,920 50 DMA, short-term resistance

Resistance 2 2,050 Psychological level, prior bounce

🎯 Entry & Exit Zones

Optimal Entry: ₹1,680–₹1,710 (near 200 DMA with tight stop-loss)

Exit Target: ₹1,900–₹1,950 (if bounce confirmed)

Stop-Loss: ₹1,650 (below recent swing low)

🧭 Final Take

COCHINSHIP is showing signs of short-term reversal with bearish momentum indicators and a breakdown below the 50 DMA. However, the 200 DMA is holding as a key support. Traders should wait for confirmation of a bounce before entering. Long-term investors may consider accumulating near ₹1,700 with disciplined risk management.

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