As you can see in the chart after a strong bullish now stock is in the correction mode,
So for tomorrow, if COFORGE go above 5524, then you can go long on this trade.
If Stock goes below 5404, then we can short this trade.
What's your view on this comment below in the box.
COFORGE is following the parallel trendline from May, now the stock give the good correction in the last two three days.
If stock break the trendline on downside, you can make the entry in this entry point 5335.
Our Target will be 5220.
What's your view on this comment below in the box
coforge is facing price rejection around this levels
new comers might consider this as fresh breakout
but probably looks like will be fake breakout and will reverse sharply
waiting for reversal confirmation
this can be probable short candidate....
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Sharing only for the purpose of learning.
IT sector may lose some steams after this wonderful rally.
Fibonacci Projection as shown reached the 1.414 levels in a single rally.
Few stocks showing some retracement signs on charts.
It can retrace or again start his journey again as few stocks still seem very strong on charts as below.
- TCS - Mindtree ...
Currently RSI <70
IT stocks outperforming market
MACD signal line crossing MACD from below.
Hinting that still strength is left in IT stocks.
Stocks to look out for :