COHANCE - Swing Trade Analysis

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

Swing Trade Rating: 2.9

📊 Analysis Summary

COHANCE is currently not an ideal candidate for swing trading due to weak earnings, high valuation, and declining institutional interest. While the stock is near support and technically neutral, the fundamentals and sentiment suggest limited upside and elevated risk.

🔍 Technical Indicators

RSI (46.1): Neutral — no clear momentum.

MACD (2.33): Slightly positive — early signs of stabilization.

Price vs DMA

Current Price (₹1,012) is below both 50 DMA (₹1,037) and 200 DMA (₹1,059) — bearish trend.

Volume: Below average — low conviction in current price action.

📈 Fundamental Snapshot

P/E (146) vs Industry PE (34.0): Extremely overvalued.

PEG Ratio (-11.2): Negative — indicates earnings contraction.

ROE (14.1%) & ROCE (16.8%): Decent but not compelling.

EPS (₹10.5) vs Price (₹1,012): Valuation is stretched.

Qtr Profit Decline (-27.4%): Weak earnings momentum.

FII Holding ↓ (-3.82%) & DII Holding ↓ (-5.20%): Strong institutional selling — bearish.

Debt to Equity (0.16): Low — financials are stable.

✅ Entry Strategy (If Not Holding)

Avoid entry at current levels due to weak fundamentals and sentiment.

If technicals improve, consider entry only near ₹980–₹1,000 with tight stop-loss.

Wait for RSI to cross 50 and MACD to show sustained strength.

🚪 Exit Strategy (If Already Holding)

Exit near ₹1,050–₹1,070, close to 200 DMA resistance.

If price breaks below ₹980, consider stop-loss at ₹950 to limit downside.

⚖️ Final Verdict

COHANCE is technically neutral but fundamentally weak, with high valuation and declining profits. Not suitable for swing trading unless there's a clear technical reversal and volume support. If already holding, consider exiting on any bounce toward moving averages.

Edit in a page