Cochin Shipyard shares: Shares of defence major Cochin Shipyard are in a recovery mode, rising 13% in week. The multibagger stock slipped 27% in six months. The ongoing US-Iran war and profitbooking led to a bear attack on the defence stock in the short term. 

However, in the long term, the multibagger stock has zoomed 453% in three years and risen 634% in five years. 

In the current session, Cochin Shipyard shares rose to Rs 1,334, up nearly 1.5% against the previous close of Rs 1314.85. The stock fell to a 52-week low of Rs 1186.55 on March 30, 2026. Cochin Shipyard has a one-year beta of 0.17, indicating very low volatility during the period. Cochin Shipyard shares are trading lower than the 5 day, 20 day, 50 day, 100 day, 200 day moving averages, indicating bearishness in the defence stock.

Shitij Gandhi, AVP - Technical Equity Research, SMC Global Securities says the stock is a 'sell on rise' candidate. 

"Every time the stock tries to push higher, it hits a wall of sellers, making it a classic 'sell-on-rise' candidate. For now, the bulls are struggling to find any real momentum as the price keeps sliding lower as the stock is facing a tough hurdle at the Rs 1420-1520 resistance zone. On the flip side, all eyes are on the Rs 1200–1250 level to see if it can provide a solid floor. If that support snaps, we might see the price drift further toward Rs 1100 as well," said Gandhi. 

Kunal Kamble Sr. Technical Research Analyst at Bonanza advises traders to wait for a confirmed reversal structure before  buying the stock. 

"Cochin Shipyard is consistently forming lower highs and lower lows with price trading below all major short-term and long-term EMAs, indicating sustained selling pressure. The stock lacks any strong reversal pattern and is only showing a minor pullback from oversold levels. No fresh long positions are recommended at this stage; traders should wait for a confirmed reversal structure," said Kamble. 

Aakash Shah, Research Analyst, Choice Broking believes that on the upside, Rs 1,350 is a key resistance zone. A sustained move above this level may trigger a relief rally toward Rs 1,440, but volume confirmation will be crucial.

"Despite a recent attempt to bounce from the Rs 1187 zone, the recovery lacks strong follow-through, suggesting weak buying conviction. The inability to reclaim these levels signals that sellers remain in control. On the downside, Rs 1,185 acts as immediate support, and a break below this level could extend the decline further. On the upside, Rs 1,350 is a key resistance zone. A sustained move above this level may trigger a relief rally toward Rs 1,440, but volume confirmation will be crucial."