Coforge a sell or what1. 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
Breakout in Coforge Ltd...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 taking any trade.
COFORGECOFORGE:- 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. 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.
Double bottom in CoforgeChart -> 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 your financial advisor before taking any action.
NIFTY IT - Recovery started with Double Bottom Breakout ConfirmKey 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 never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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COFORGECOFORGE:- 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 to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Are You still Bearish in IT stocks ???IT index and IT stocks was pulling nifty down & we are observing the downtrend since Jan 22 but looking like we are approaching to an end to it. A series of up move is expected in this Index.
On an Hourly TF index is bullish above 28k,
On a 4 Hr TF index is bullish above 28.5k
On a daily TF index is bullish above 29k
On a Daily TF index is bullish above 30.5k
once the index will hit 30.5k then it will complete a cup pattern + an Inverted HnS pattern on Weekly chart. so Stay tuned to it,
Note - These levels are drawn on Fib level & support/Resistance, setup may take time of 3- 6 months. Its not a trade recommendation.