Cochin Shipyard has been on a major upward trend, with its stock rising significantly over the past month and year, resulting in a market cap of over 34,000 crore. However, with the stock recently entering the overbought zone, analysts are expecting a dip in the near future. Technical analysts believe the stock will continue to follow a "buy-on-dips" approach, with resistance levels at Rs 1375, Rs 1450, and Rs 1500. Meanwhile, derivatives and technical analysts are keeping a close eye on the Rs 1400 level, for potential selling pressure to be overcome and for a breakout to occur, leading to a price target of Rs 1550.