COHANCE - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis for COHANCE

COHANCE displays a puzzling blend of lofty valuations, dropping institutional interest, and weakening quarterly performance — not exactly a day trader’s dream. While technical indicators aren't screaming danger, momentum looks fragile, and the intraday setup calls for caution.

🌟 IntraDay Trade Rating

2.4

The rating reflects expensive valuation (P/E of 146!), weak price action, and fading volume — not ideal for clean entries or confident exits today.

🧭 Momentum & Technical Checkpoint

RSI: 46.1 Sitting in neutral territory — lacks momentum confirmation. A push past 50 would signal strength.

MACD: +2.33 Positive, but shallow — suggests momentum might be trying to turn, but not forcefully.

Volume: 97.6K vs Avg 1.34L Weak participation — without volume, price movement may be choppy.

DMA Watch

Trading below both DMA50 (₹1,037) & DMA200 (₹1,059) — classic short-term weakness.

Price has slid significantly from high of ₹1,360 — technical bounce possible, but risky.

🛒 Intraday Trading Plan

✅ If Entering Fresh Today

Buy Zone: ₹1,010–₹1,015 Enter only with confirmation — look for bullish candles plus volume surge >1.2L.

Profit Targets

First Target: ₹1,030

Stretch Target: ₹1,045 (near DMA50 resistance)

Stop-Loss Level: ₹999 Protect downside aggressively. A close below ₹1,000 suggests continued weakness.

📌 If Already Holding Today

🔁 Exit Strategy

Bearish Indicators

Price fails to reclaim ₹1,015 by midday.

MACD histogram flattens or dips while volume remains tepid.

Profit Booking Zone

If price approaches ₹1,030–₹1,035 and momentum fades, consider partial exits.

Trailing Plan

Price breaches ₹1,040 with rising volume → trail stop to ₹1,020.

⚠️ Quick Notes

Valuation Risk: P/E of 146 and negative PEG suggest overvaluation concerns.

Fundamentals Flash: PAT down 53% quarter-on-quarter, both FII and DII are retreating — not comforting for short-term conviction.

52w Index Position (24.8%) hints at prolonged underperformance.

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