RSI low/high Values: [ 20 - 75 ]
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AI Analysis of COCHINSHIP.NS
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Red day on Thursday for Cochin Shipyard Limited stock after losing 0.0745%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Loss -2.09% PDF

The Cochin Shipyard Limited stock price fell by -0.0745% on the last day (Thursday, 28th Mar 2024) from ₹872.45 to ₹871.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.87% from a day low at ₹866.25 to a day high of ₹891.10. The price has been going up and down for this period, and there has been a 19.29% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -741 thousand shares and in total, 905 thousand shares were bought and sold for approximately ₹788.89 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.42% during the next 3 months and, with a 90% probability hold a price between ₹536.61 and ₹856.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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COCHINSHIP.NS Signals & Forecast

The Cochin Shipyard Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹885.04. On a fall, the stock will find some support from the long-term average at approximately ₹858.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 19.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Cochin Shipyard Limited stock

Cochin Shipyard Limited finds support from accumulated volume at ₹849.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹24.85 between high and low, or 2.87%. For the last week, the stock has had daily average volatility of 3.75%.

Our recommended stop-loss: ₹837.28 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (COCHINSHIP.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cochin Shipyard Limited to open at ₹876.38, and during the day (based on 14 day Average True Range), to move between ₹827.14 and ₹916.46, which gives a possible trading interval of +/-₹44.66 (+/-5.12%) up or down from last closing price. If Cochin Shipyard Limited takes out the full calculated possible swing range there will be an estimated 10.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹873.70 (0.22%) than the support at ₹849.10 (2.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cochin Shipyard Limited stock A Buy?

Cochin Shipyard Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.974 Hold/Accumulate Unchanged

Predicted Opening Price for Cochin Shipyard Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹876.38 ( 0.526%) ₹871.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for COCHINSHIP.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 901.23 3.38 %
R2 891.74 2.29 %
R1 885.88 1.61 %
Current price: 871.80
Support S1 866.89 -0.563 %
S2 861.03 -1.24 %
S3 851.53 -2.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 912.20 4.63 %
R2 890.45 2.14 %
R1 873.70 0.218 %
Current price 871.80
Support S1 849.10 -2.60%
S2 802.80 -7.91%
S3 772.80 -11.36%

COCHINSHIP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 12, 2024 Feb 12, 2024 Feb 28, 2024 ₹3.50 0.410%
2 Nov 20, 2023 Nov 20, 2023 Nov 20, 2023 ₹8.00 1.47%
3 Feb 22, 2023 Feb 22, 2023 Feb 22, 2023 ₹7.00 2.98%
4 Nov 21, 2022 Nov 21, 2022 Nov 21, 2022 ₹7.00 2.29%
5 Sep 21, 2022 Sep 21, 2022 Sep 21, 2022 ₹3.75 1.76%

FAQ

What is the symbol for Cochin Shipyard Limited Stock and on which exchange is it traded?
The symbol for Cochin Shipyard Limited is COCHINSHIP.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Cochin Shipyard Limited Stock?
Cochin Shipyard Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Cochin Shipyard Limited Stock?
Cochin Shipyard Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cochin Shipyard Limited Stock.

What's the current price of Cochin Shipyard Limited Stock?
As of the end of day on the 2024-03-28, the price of an Cochin Shipyard Limited (COCHINSHIP.NS) share was ₹871.80.

What is the 52-week high and low for Cochin Shipyard Limited Stock?
The 52-week high for Cochin Shipyard Limited Stock is ₹1,408.85 and the 52-week low is ₹418.60.

What is the market capitalization of Cochin Shipyard Limited Stock?
As of the 2024-03-28, the market capitalization of Cochin Shipyard Limited is 229.354B.

When is the next earnings date for Cochin Shipyard Limited?
The upcoming earnings date for Cochin Shipyard Limited is May 17, 2024.
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About Cochin Shipyard Limited

Cochin Shipyard Limited Cochin Shipyard Limited engages in the shipbuilding and repair of ships/offshore structures in India. Its shipbuilding operations include offering tankers, product carriers, bulk carriers, passenger vessels, high bollard pull tugs, and air defence ships. It also undertakes upgradation of mobile offshore drilling units of Oil and Natural Gas Corporation Ltd; maintenance and repair of aircraft carriers of the Indian Navy; and repair and maintenance... COCHINSHIP.NS Profile

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