New high for Cochin Shipyard

Cochin Shipyard’s stock soared by almost 8 percent, reaching an all-time high of Rs 1,062.00 on the NSE. Trading activity was notably high, with a total of 99 lakh shares of Cochin Shipyard being traded on both the BSE and the NSE combined, significantly surpassing the average trading volume of 32 lakh shares over the past month.Following a brief period of consolidation, Cochin Shipyard has unmistakably broken out above the rectangular consolidation pattern at the 940 levels. With the prevailing bias gaining momentum, there is potential for another significant upward movement in the near future.