Cochin Shipyard –Weekly Chart|Descending Trendline BreakoutCochin Shipyard is currently approaching a crucial long-term resistance zone on the weekly chart after a prolonged correction from its 2024 high.
The stock has been trading below a descending trendline for an extended period, creating a clear long-term downtrend structure. However, the recent price action shows signs of base formation near the ₹1,200 support zone, followed by a gradual recovery.
More importantly, the current price action appears to be forming a small consolidation/base ne
Long