Cochin Shipyard Ltd. - Stock AnalysisDate : 17-Sep-2025
LTP : Rs. 1,890.50
Technical View:
• NSE: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.
• NSE: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.
• NSE: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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