COHANCE - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.2
| Stock Code | COHANCE | Market Cap | 14,024 Cr. | Current Price | 367 ₹ | High / Low | 1,328 ₹ |
| Stock P/E | 37.8 | Book Value | 115 ₹ | Dividend Yield | 0.00 % | ROCE | 16.0 % |
| ROE | 12.5 % | Face Value | 1.00 ₹ | DMA 50 | 495 ₹ | DMA 200 | 757 ₹ |
| Chg in FII Hold | -0.50 % | Chg in DII Hold | 0.76 % | PAT Qtr | 94.3 Cr. | PAT Prev Qtr | 58.6 Cr. |
| RSI | 19.9 | MACD | -39.3 | Volume | 4,41,452 | Avg Vol 1Wk | 3,32,579 |
| Low price | 356 ₹ | High price | 1,328 ₹ | PEG Ratio | -1.83 | Debt to equity | 0.05 |
| 52w Index | 1.17 % | Qtr Profit Var | -32.2 % | EPS | 12.0 ₹ | Industry PE | 29.1 |
📊 Analysis: COHANCE shows weak signals for intraday trading. RSI at 19.9 indicates oversold conditions, while MACD at -39.3 confirms strong bearish momentum. Current price (367 ₹) is well below both 50 DMA (495 ₹) and 200 DMA (757 ₹), reflecting significant technical weakness. Volume (4.41 lakh) is higher than the weekly average (3.32 lakh), suggesting active intraday participation despite weak fundamentals. The stock is near its 52-week low, which may attract speculative buying but requires caution.
💰 Optimal Buy Price: Around 360–370 ₹ (near current levels with support from 356 ₹).
📈 Profit-Taking Exit Levels: 380–390 ₹ (short-term resistance zone).
📉 Stop-Loss / Loss Protection: 355 ₹ (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to sustain above 367 ₹ or if MACD continues bearish. If momentum improves with volume support, ride till 380–390 ₹ before booking profits.
Positive
- ROCE at 16.0% and ROE at 12.5% indicate moderate efficiency.
- Debt-to-equity ratio at 0.05 shows near debt-free balance sheet.
- Volume higher than weekly average, suggesting intraday interest.
- DII holdings increased (+0.76%), showing domestic investor confidence.
Limitation
- Price trading far below both 50 DMA and 200 DMA indicates strong bearish trend.
- RSI at 19.9 shows oversold conditions but weak momentum.
- MACD strongly negative (-39.3) signals short-term weakness.
- Quarterly PAT declined (94.3 Cr. vs 58.6 Cr. previously, but -32.2% variation YoY).
- PEG ratio at -1.83 highlights poor growth valuation metrics.
- 52-week index at 1.17% indicates stock is near its lowest levels.
Company Negative News
- No major external negative news reported, but sharp profit decline raises concerns.
Company Positive News
- Sequential PAT improvement from 58.6 Cr. to 94.3 Cr. shows some recovery.
- Domestic institutional investors increased stake, reflecting confidence.
Industry
- Industry PE at 29.1 vs stock PE at 37.8 suggests premium valuation despite weak fundamentals.
- Sector outlook remains supported by long-term demand, but near-term volatility is high.
Conclusion
⚡ COHANCE is a weak candidate for intraday trading today. Buy near 360–370 ₹ with profit targets at 380–390 ₹ and stop-loss at 355 ₹. If already holding, monitor RSI and MACD closely and exit near resistance levels. While debt-free status and moderate efficiency ratios provide support, weak technicals and sharp profit decline limit upside potential.