Cochin Shipyard technical analysis

According to the latest Pivot data, Cochin Shipyard’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹2116.23, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2161.46, ₹2237.23, and ₹2282.46, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2040.46, ₹1995.23, and ₹1919.46, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Cochin Shipyard’s price movement.