TradingSutra

COFORGE: ZIGZAG CORRECTION , confirmation

Short
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NSE:COFORGE   COFORGE LTD
After giving a five waves down , the stock has made a 3 wave upmove in a parallel channel whose breakout was seen in the friday's session. One should make a short position keeping a stop loss a bit higher of just recent high that is 2500 level and wait for the target below the recent low which is 2077.
Trade closed manually

Manish Bhardwaj (CMT L-1)
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