Cochin Shipyard remains in a strong bullish uptrend on the daily chart, having recently formed a new higher high before cooling off to its 8DMA. Notably, a key pivot level is also providing support at this zone.
On the lower timeframe, the stock has been consolidating, with a bullish hammer pattern followed by a strong breakout on volume — setting the stage for a potential sharp upmove.
On the lower timeframe, the stock has been consolidating, with a bullish hammer pattern followed by a strong breakout on volume — setting the stage for a potential sharp upmove.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.