Cochin Shipyard Ltd – Daily Technical View
The stock is trading in a well-defined downward channel, indicating a sustained corrective phase. Price is below key moving averages, keeping the near-term bias cautious.
🔍 Technical Observations:
Price below 20 EMA & middle Bollinger Band
Bollinger Bands are slightly contracting → base formation possible
RSI is near neutral, showing early stabilization but no strong momentum yet
🔑 Key Levels:
Immediate Support: ₹1,520 – ₹1,500
Resistance: ₹1,600 – ₹1,620
🎯 Upside Potential:
A decisive breakout above ₹1,620 can open upside towards ₹1,750 – ₹1,800.
📌 View:
Trend remains weak unless price sustains above resistance.
Below ₹1,500, downside pressure may continue.
⚠️ Educational purpose only.
— AALGO BREATHS