Cochinshipyardtrendanalysis

Cochin Ship 1 hr chart The stock was earlier in a clear downtrend with price consistently trading below the 10 & 20 EMA, showing sustained selling pressure. However, a strong reversal from the bottom is visible, supported by a rounding pattern formation and improving structure. Now price has moved above both EMAs, and EMAs have started sloping upward, indicating a shift towards bullish momentum. The recent breakout above the horizontal resistance zone (~1400) suggests strength in the current move. RSI is trading above 60 (currently ~76), which confirms strong bullish momentum. Sustaining above the 60 level generally indicates trend continuation, but the current high RSI also signals a slightly overbought zone in the short term. Volume analysis shows increased participation during the breakout and recent upmove, which validates the strength of buyers and supports the breakout. Trade Plan 🎯 Buy on dip near 1400–1410 zone (previous resistance turned support) Stop Loss below 1370 Targets: 1510 / 1575

Cochin Shipyard Ltd. - Stock Analysis Date : 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 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.