COCHINSHIP - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.9
| Stock Code | COCHINSHIP | Market Cap | 40,099 Cr. | Current Price | 1,524 ₹ | High / Low | 2,547 ₹ |
| Stock P/E | 62.4 | Book Value | 224 ₹ | Dividend Yield | 0.64 % | ROCE | 14.3 % |
| ROE | 11.2 % | Face Value | 5.00 ₹ | DMA 50 | 1,555 ₹ | DMA 200 | 1,591 ₹ |
| Chg in FII Hold | 0.36 % | Chg in DII Hold | -0.42 % | PAT Qtr | 216 Cr. | PAT Prev Qtr | 138 Cr. |
| RSI | 43.6 | MACD | -13.8 | Volume | 12,63,196 | Avg Vol 1Wk | 11,15,819 |
| Low price | 1,187 ₹ | High price | 2,547 ₹ | PEG Ratio | 2.03 | Debt to equity | 0.27 |
| 52w Index | 24.8 % | Qtr Profit Var | -24.0 % | EPS | 24.4 ₹ | Industry PE | 38.3 |
📊 Chart Patterns & Trend: COCHINSHIP is consolidating after a decline from its 2,547 ₹ high. Current price (1,524 ₹) is below both 50 DMA (1,555 ₹) and 200 DMA (1,591 ₹), showing short-term and medium-term weakness. Support lies near 1,500–1,510 ₹, with resistance at 1,560–1,580 ₹. Trendlines suggest sideways consolidation with bearish undertone.
📈 Moving Averages: Price below both 50 DMA and 200 DMA indicates weakness and lack of bullish momentum.
📉 RSI: At 43.6, RSI is mildly bearish, showing weak momentum.
📉 MACD: Negative (-13.8), confirming bearish momentum.
📊 Bollinger Bands: Price is near the lower band, suggesting oversold conditions with potential for short-term bounce.
📊 Volume Trends: Current volume (12,63,196) is slightly above the 1-week average (11,15,819), showing moderate participation but not strong breakout strength.
💡 Momentum Signals: Bearish bias. A breakout above 1,560–1,580 ₹ could trigger upside toward 1,600–1,650 ₹, while breakdown below 1,500 ₹ risks further decline.
🎯 Entry Zone: 1,500–1,510 ₹ (support region).
🎯 Exit Zone: 1,560–1,580 ₹ (resistance region; extended target 1,600–1,650 ₹).
📌 Status: Consolidating with bearish bias.
Positive
✔ EPS of 24.4 ₹ supports valuation strength.
✔ ROCE (14.3%) and ROE (11.2%) show operational efficiency.
✔ Debt-to-equity ratio of 0.27 indicates manageable leverage.
✔ Quarterly PAT growth (216 Cr. vs 138 Cr.) highlights earnings improvement.
✔ FII holdings increased (+0.36%), showing foreign investor confidence.
Limitation
⚠ Price trading below both 50 DMA and 200 DMA.
⚠ Negative MACD (-13.8) confirms bearish momentum.
⚠ PEG ratio of 2.03 indicates expensive growth relative to valuation.
⚠ Dividend yield modest at 0.64%.
⚠ RSI below 50 shows weak momentum.
Company Negative News
⚠ Quarterly profit variation (-24.0%) highlights earnings volatility.
⚠ DII holdings decreased (-0.42%), showing reduced domestic support.
Company Positive News
✔ PAT growth highlights operational improvement.
✔ FII inflows (+0.36%) reflect foreign confidence.
✔ Strong efficiency metrics (ROCE, ROE) support fundamentals.
Industry
🚢 Shipbuilding and defense sector benefits from government contracts and infrastructure expansion.
📈 Industry PE (38.3) lower than COCHINSHIP’s PE (62.4), suggesting premium valuation relative to peers.
Conclusion
📌 COCHINSHIP is consolidating below key moving averages with weak momentum. Entry near 1,500–1,510 ₹ offers limited risk-reward, while exits near 1,560–1,580 ₹ are prudent unless momentum strengthens for a breakout toward 1,600–1,650 ₹. Long-term investors should monitor valuation risks and institutional flows closely.
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