Cochin Shipyard Ltd – Daily Technical View

📊 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