COHANCE - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.2

📊 Intraday Trading Analysis — COHANCE

COHANCE shows a weak-to-neutral setup for intraday trading today. Despite high liquidity and low debt, the stock is under pressure from deteriorating fundamentals, bearish technicals, and institutional selling.

✅ Positives

Liquidity

Massive volume (4.45 Cr) vs 1-week average (90.09L) — high intraday participation.

Low Leverage

Debt-to-equity ratio of 0.04 — financially stable.

MACD at 5.03

Slightly positive — early signs of momentum shift.

⚠️ Negatives

Momentum Indicators

RSI at 42.3 — bearish zone, no clear reversal yet.

Price trading below both 50-DMA (₹966) and 200-DMA (₹1,024) — bearish structure.

Fundamental Weakness

PAT dropped 56% QoQ (₹58.6 Cr vs ₹134 Cr).

ROCE (16%) and ROE (12.5%) — modest efficiency.

EPS of ₹12.5 with P/E of 98.9 — extremely overvalued.

PEG ratio of -4.80 — negative growth outlook.

Institutional Sentiment

FII holding down by 3.82%, DII down by 5.20% — strong selling pressure.

🎯 Intraday Strategy

🔽 Optimal Buy Zone

Entry Range: ₹910–₹915

Trigger: Price sustains above ₹914 with volume >3.5 Cr in first hour

📈 Profit-Taking Levels

Target 1: ₹930 — minor resistance

Target 2: ₹945–₹950 — if momentum builds

🛑 Stop-Loss

₹898 — below VWAP and recent support

🕒 If You Already Hold Today

🔄 Exit on Weakness

RSI drops below 40 with falling volume

Price breaks ₹900 with bearish candle (e.g., engulfing or shooting star)

🚀 Exit on Strength

Price hits ₹945+ with RSI >50 and volume >4 Cr

MACD histogram flattens or turns negative — signal to book profits

This setup favors short-term scalping with tight risk control, not aggressive breakout trades. Want help setting up a VWAP overlay or momentum tracker for COHANCE? I can walk you through it.

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