COFORGE - Getting Ready For Upmove

COFORGE has managed to close above all EMAs 20/50/100/200 along with a spurt in volume . After making double bottom in Sept 2022, it seems the trend is changing with an up-move seen in IT index. Considering the momentum in CNXIT , this could move towards 4800, 5100 and 5900 levels. Also something interesting is that relative strength is almost at 0 as compared to Nifty50.

Seems COFORGE is getting ready. SL should be 3200 on DCB

Let's see which way the story unfolds. Happy Trading!

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