COCHINSHIP - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.6

Here’s a detailed technical analysis of COCHINSHIP

📊 Trend Overview

Current Trend: Trending upward

Price is comfortably above both 50 DMA (₹1,767) and 200 DMA (₹1,704), confirming a strong bullish trend.

RSI at 69.7 is approaching overbought territory, indicating robust momentum.

MACD at 24.3 shows a strong positive crossover, reinforcing bullish sentiment.

📈 Technical Indicators

Moving Averages

Price (₹1,907) > 50 DMA (₹1,767) > 200 DMA (₹1,704): Golden crossover confirmed

RSI (69.7)

Bullish zone, nearing overbought. Watch for potential short-term pullback.

MACD (24.3)

Strong positive crossover. Momentum is accelerating.

Bollinger Bands

Price near upper band, suggesting strength but also short-term resistance.

Volume Trends

Current volume (52.8L) > 1-week average (42.7L): Strong accumulation

Indicates institutional interest and breakout potential.

🔍 Short-Term Momentum Signals

Bullish Bias

MACD and RSI support continued upside.

Price action above key moving averages confirms trend strength.

FII inflows (+0.99%) add to positive sentiment.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,767 50 DMA, short-term base

Support 2 1,704 200 DMA, medium-term support

Resistance 1 1,950 Minor psychological barrier

Resistance 2 2,100 Previous swing high

Resistance 3 2,547 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,770–₹1,820 (on dips near 50 DMA)

Exit Zone: ₹2,100–₹2,547 (partial profit booking)

Aggressive Target: ₹2,650+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strong, supported by MACD, RSI, and volume

Outlook: Favorable for swing trades and medium-term positions

Valuation: Premium P/E (59.0) vs industry (55.5), strong ROE/ROCE, low debt, and solid technicals

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