Stock analysis Cohance Lifesciences Ltd COHANCE
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Technical analysis forecast for Cohance Lifesciences Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Cohance Lifesciences Ltd COHANCE at this time. Stock is falling and might fall more.
It appears as if Cohance Lifesciences Ltd COHANCE gave a large move recently.
Stock of Cohance Lifesciences Ltd (COHANCE) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Cohance Lifesciences Ltd is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Cohance Lifesciences Ltd stays below 991.8, but if it comes above 991.8, then a intra day buy could be more profitable.
If you take a sell trade below 991.8, then use 991.8 as stoploss and 948.1 as target. However if you take a buy trade in Cohance Lifesciences Ltd, then use 991.8 as stoploss and 1028.23 as target.
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