Cochin Shipyard - Descending Triangle

continues to trade in a broad ₹1,300–₹1,600 range, with the price structure forming a descending triangle inside this consolidation. The lower boundary around ₹1,300–₹1,200 remains the key demand zone, while ₹1,500–₹1,600 is the major overhead resistance. A decisive breakout above ₹1,600 would signal a bullish resolution and open the way toward ₹1,800–₹1,900. On the downside, a break below ₹1,300 would weaken the structure and bring ₹1,200 into focus. For now, the setup remains range-bound, with ₹1,600 acting as the trigger for fresh upside.