Cochin Shipyard Ltd – Technical Setup

📊 Cochin Shipyard Ltd – Technical Setup The stock is currently showing signs of reversal after a prolonged correction and attempting to move up from a strong demand zone. 🔎 Technical Structure: • Formation of a Falling Wedge pattern • Price bouncing from major support zone • Volume expansion visible near the bottom area • Momentum indicators gradually turning positive 🔑 Important Levels: • Immediate Resistance: ₹1,520 – ₹1,570 • Breakout Level: Above ₹1,570 • Support Zone: ₹1,420 – ₹1,380 🚀 Potential Upside Targets: • ₹1,680 • ₹1,800 • ₹1,980 – ₹2,040 ⚠️ Risk Factor: Failure to hold ₹1,420 may again push the price towards ₹1,380 support. 📌 For educational purposes only. — AALGO BREATHS