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COFORGE

Demand and Supply zone spottedHere's the technical analysis for COFORGE LTD based on the chart you've shared: ________________________________________ 📈 COFORGE LTD – TECHNICAL ANALYSIS 📆 Date: June 6, 2025 🔍 Timeframe: 15-Minute ________________________________________ Supply & Demand Zone Setup Identified The chart showcases a strong bullish move followed by a retracement, with clear supply and demand zones that can guide short-term trading opportunities: ________________________________________ Possible Supply Zone: ₹1783 – ₹1792 This zone acted as resistance where sellers stepped in after a strong up-move. Prices reversed sharply from this zone, forming bearish candles. • Entry (Post Confirmation): ₹1783 • Stop Loss: ₹1794 Target Levels (R:R Based): • Target 1: ₹1767 (1:1) • Target 2: ₹1751 (1:2) • Target 3: ₹1737 (1:3) ________________________________________ Possible Demand Zone: ₹1751.50 – ₹1737 Price previously shot up from this demand zone with high volume and a strong bullish candle. It can act as a support zone again. • Entry (Post Confirmation): ₹1751.50 • Stop Loss: ₹1735 Target Levels (R:R Based): • Target 1: ₹1767 (1:1) • Target 2: ₹1783 (1:2) • Target 3: ₹1792 (1:3) ________________________________________ 📌 Setup Notes: • Volume spikes confirm strong institutional activity at both zones. • Prefer entries only after bullish/bearish confirmation candles like hammer, engulfing, or pin bars. • If price stalls around mid-range, avoid entries until a clear direction is formed. • Ideal for intraday or short-term reversal traders using confluences like EMA, RSI, or VWAP. ________________________________________ ⚠️ Caution: • Avoid long trades if price gaps below the demand zone. • Avoid shorts if price breaks and sustains above the supply zone. ⚠️ Risk Management Tip: Never chase a breakout blindly. Always have a defined entry, stop loss, and target. As price enters overbought zones, risk control becomes even more important. Focus on capital protection, especially when trading momentum setups. 📢 Disclaimer This content is for educational and informational purposes only. It is not investment advice, stock tips, or a recommendation to buy/sell. Stock market trading involves risks. Always consult a SEBI-registered advisor before taking any trades. The author is not SEBI-registered and cannot be held responsible for any losses. Practice sound risk management and do your own research. 👉 Found this useful? Hit Follow ✅ to stay updated with breakout setups, educational content, and trade-ready ideas. Let's grow smarter, together! 💡📊
NSE:COFORGE
by simpletradewithpatience
3
Coforge-A perfect watchlist stock!Coforge is an IT services company providing end-to-end software solutions and services and is among the top-20 Indian software exporters according to Screener data. Stock has give 20% compounded sales growth in last 5 years which is quite remarkable. Hence, It can be a good stock to be kept in watchlist for medium to long term. Stock had given breakout of cup and handle pattern in weekly time frame and is now retesting the same. Stock has formed a kind of morning star pattern at the retest support zone. Need to watch if it sustains above this zone. As you can see, retest zone also coincides with 50% fib retracement which makes it even stronger. If we see good buying in this stock from here, we can see ATH levels soon and even bigger levels in coming years. However, If stock goes below 61.8% retracement, it is not advisable to hold.
NSE:COFORGELong
by chartistamey
13
Breakout from triangle pattern in Monthly Chart: COFORGECOFORGE 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
NSE:COFORGELong
by finvestar
COFORGE & ECLERX: Two IT Underdogs on the Rise!COFORGE The stock displayed an Inverted Head & Shoulders pattern, and following the breakout, the price saw a substantial rise, subsequently created another bullish formation called Pole & Flag. Recently, the price has broken through and is expected to continue its upward trend. ECLERX This chart also reveals the presence of an Inverted Head & Shoulder pattern. Following a recent breakout, the price is positioned for an upward movement.
NSE:COFORGELong
by GoodluckCapital
2
Unlocking Potential: Coforge's Bullish Breakout 🚀Coforge, the stock that everyone's talking about! Today, it shattered its all-time high, painting the charts with a robust bullish candle and trading at 6584 rs. Let's dive into the details: Coforge Ltd., an Information Technology company in the IT - Software sector, demonstrates strong fundamentals. 📊 Key Observations: Coforge broke its all-time high today, fueled by a strong bullish candle and significant volumes. The daily chart reveals a consistent surge in volumes accompanying bullish candles over the past days, indicating substantial buying interest. Fundamentals are robust, providing a solid foundation for the stock's upward trajectory. 📈 Technical Insights: In the weekly chart, we witness a remarkable journey. The stock hit its previous all-time high in January 2022. Examining the last four weeks, we note a breakout of the previous all-time high. Following the breakout, the price retraced to test this level, and today, it surged past the previous all-time high. 📊 Fundamental Insights: In terms of financial performance, Coforge exhibits robust numbers, including a Price-Earning Ratio (PE) of 58.86 and a PEG Ratio of 2.58. The company has consistently delivered positive returns, with a 5.8% increase in a day, 40.5% in 6 months, and an impressive 1,653.3% in 10 years. The organization's financial health is evident through metrics such as high return on equity, return on capital employed, and increasing annual earnings per share. Furthermore, Coforge maintains a strong balance sheet with low leverage, high interest coverage ratio, and a high current ratio. The company consistently pays dividends, boasting a positive dividend yield of 0.97%. The stock has seen increased institutional and mutual fund shareholding, while retail shareholding has decreased. Notably, there is zero pledge on the company's shares. In Fundamental summary, Coforge Ltd. stands out as a fundamentally sound company with a strong track record, positive financial indicators, and a promising outlook in the Information Technology sector. 💡 Trading Strategy: Considering the compelling setup, a buy trade can be planned at the current market price (CMP). Set a stop loss below today's candle, ensuring at least a 1:2 risk-to-reward ratio. For those aiming to ride the rally, trailing the stop loss is recommended for maximizing returns. 🚨 Remember, trading involves risk, and it's crucial to manage it wisely. Lastly, 🌟 Thank you for your support, your likes & comments. Let's keep learning and growing together! 🚀📈💪 🔄 Trading Motivation: Embrace the opportunities, manage the risks, and ride the waves of success! 🌊 🚀 🚫 Note: This analysis is for educational purposes only and not intended as a trading or investment recommendation. I am not a SEBI registered analyst.
NSE:COFORGELong
by AfnanTAjuddin
COFORGE - Bullish Consolidation BreakoutNSE: COFORGE is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:COFORGELong
by BrahmaBull31
COFORGECOFORGE:- Stock has given breakout almost after 1.5 years, if it sustains above breakout level then we can plan something. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:COFORGELong
by AjayDhakad_Keep_it_simple