Outbound track 281 when passing the VOR. Where is the confusion or problem?
I know to some holding is an art form but, and I'll get flamed for this, IMHO there's sometimes a danger of trying to finesse it too much and in doing so miss the essentials...which are, fundamentally, that you need to stay in the holding area, hold in the correct sense, try to get the timing roughly right...and, err, that's it.....
In the Cochin case you're holding "at" the VOR, so wait until overhead then immediately turn to make good the outbound track..certainly don't delay otherwise there's a danger of putting yourself outside the holding area and/or as Mach has pointed out, utterly confusing yourself.