COFORGE reached an ATH of 6135 in the month of Jan'22 and corrected by almost 52% to reach a low of 3210 in Sep'22. It has formed a triangle pattern on monthly chart and has been in an upward journey since Oct'22 generating almost 32% returns.
Last month i.e. in May'23 it has broken out of the triangle. This indicates significant upside potential of minimum 24%. The journey has just started so it is the best time for entry.
Stop Loss: 4350
Last month i.e. in May'23 it has broken out of the triangle. This indicates significant upside potential of minimum 24%. The journey has just started so it is the best time for entry.
Stop Loss: 4350
Note
touched an intraday high of 5846 on 20 Nov '23.Target 1 stands achieved!!
Trade closed: target reached
All Targets reached!!!!!!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.