Date: 17-Sep-2025
LTP: Rs. 1,890.50
Technical View:
•
COCHINSHIP is in primary uptrend since Apr 2025 and was recently going through it's secondary downtrend within the primary uptrend.
• From it's 52 week high of 2,545 on 6-Jun-2025, it has retraced 37% to 1,594 on 29-Aug-2025 which is also close to Fibonacci retracement level 0.786 placed at 1,507.
•COCHINSHIP has breakout from it's secondary downtrend with higher than average volume on 12-Sep-2025. Volume has also increased in last few sessions.
•COCHINSHIP has closed above 20 DEMA and 50 DEMA on 15-Sep-2025 and is trading above 20 DEMA and 50 DEMA since last few sessions.
• MACD has crossed over 0 and entered into bullish zone. It is trading at 12.06.
• RSI has crossed over 50 and trading in buy zone at 68.47.
• Both MACD and RSI are showing positive divergence, indicating trend reversal.
• Looking good to start a new swing from here.
• Resistance Levels: (R1) Rs. 2,100 --> (R2) Rs. 2,545 --> (R3) Rs. 2,979
• Support Level: Rs. 1,594
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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
LTP: Rs. 1,890.50
Technical View:
•
COCHINSHIP is in primary uptrend since Apr 2025 and was recently going through it's secondary downtrend within the primary uptrend.• From it's 52 week high of 2,545 on 6-Jun-2025, it has retraced 37% to 1,594 on 29-Aug-2025 which is also close to Fibonacci retracement level 0.786 placed at 1,507.
•
COCHINSHIP has breakout from it's secondary downtrend with higher than average volume on 12-Sep-2025. Volume has also increased in last few sessions.•
COCHINSHIP has closed above 20 DEMA and 50 DEMA on 15-Sep-2025 and is trading above 20 DEMA and 50 DEMA since last few sessions.• MACD has crossed over 0 and entered into bullish zone. It is trading at 12.06.
• RSI has crossed over 50 and trading in buy zone at 68.47.
• Both MACD and RSI are showing positive divergence, indicating trend reversal.
• Looking good to start a new swing from here.
• Resistance Levels: (R1) Rs. 2,100 --> (R2) Rs. 2,545 --> (R3) Rs. 2,979
• Support Level: Rs. 1,594
If you have liked this analysis, please Like/Boost this idea and follow me for more ideas.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.