ShelendrAgrawal

CoForge Chart Analysis !!

Short
NSE:COFORGE   COFORGE LTD
πŸ“ˆ CoForge πŸ“‰

My Findings :-
1. Breakdown of UpTrending Trendline Zone. See Below Chart.
 2. Lower High and Lower Low Formation.
3. But IT Index at Support. To get more confirmation can be waited till IT Index Breaks down. Check IT Index Chart below for reference.

Bias- Short
Target- 3439, 2751 and 2390
SL- 4565
RR- 1: 3

IT Index Chart :-


All Important Supports and Resistances are drawn in chart. All levels are on closing basis.

Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Comment:
Trail SL to 4250

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