1. Double Top
2. Very Bearish Candle
3. Can be bearish as the 200 ma as it had broke the 200 ma
4. Target till 3531 after it 3212
5. But you should be cautious of retest because whenever a stock crashes too much it shows a retest at the next day or after some days
6. Thank you so much 🫶 pls do like and follow us
COFORGE forming rounding bottom at lower end of IT sector and stock about to reverse from 0.5 to 0.68 FIB retracement, This can touch more than 4280 when break neck line of rounding bottom pattern. This also form double bottom at lower end which confirm uptrend.
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
#Coforge CMP 4016 if closes abv 4055 then we can expect a very good upside in Coforge
IT Stocks are going very cheap after recent correction.
Coforge can see 4260/4500 in coming days. If momentum continues we can see much more.
COFORGE is stuck in Arc Chart Pattern at 1Hour Time Frame and Where it started a Arc resitance now end of the Arc again facing hurdle point or Resistance Point
Watching Volume Levels Big Players are Created there Position We Can See Such Big Move in Upcoming Session
COFORGE:- Head and shoulder pattern is formed wait for breakout
"Also take trade with strict stop loss as all companies results are coming now volatility is very high"
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....
Chart -> Coforge Weekly
After an uptrend, a double-top breakdown led to a downtrend. Now after a downtrend, a double-bottom breakout can lead to an uptrend.
CMP: 4222
Targets: 4870
Good range: Around 4000
SL: 3737 weekly close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult...
It has formed a strong base and ii now trading above 0.236 fib retracement. Good to add in between 4100-4150, but will be weak below 3940 daily closing basis
Key highlights: 💡⚡
On basis of Weekly Time Frame
📊 Currently NIFTYIT has given Double Bottom Breakout with confirmation.
📊 Keep an eye on IT sector's scripts.
📊 Example : LTTS , COFORGE , TECHM
1st Target - 32816
2nd Target - 34381
Support - 30559
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to...
As seen in above chart NSE:COFORGE Looks in Bearish movement if continued the same move then in Wave5 can go till 2931 fibo ratio 0.5 and next till 0.618. & If it breaks the above invalid level (4036). then it can go up till 4632 in ABC Correction wave.
COFORGE:- formed double bottom pattern..... currently at very crucial level. stock expect good up side move.
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...
