COFORGE TRADE SETUP FOR TOMORROWAs you can see in the chart after a strong bullish now stock is in the correction mode,
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So for tomorrow, if COFORGE go above 5524, then you can go long on this trade.
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If Stock goes below 5404, then we can short this trade.
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What's your view on this comment below in the box.
COFORGE
COFORGE TRADE SETUP FOR MONDAY (SHORT)COFORGE is following the parallel trendline from May, now the stock give the good correction in the last two three days.
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If stock break the trendline on downside, you can make the entry in this entry point 5335.
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Our Target will be 5220.
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What's your view on this comment below in the box
COFORGENote:
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...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
IT to loose some steam 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 - OFSS - TECHM.
Stocks that can retrace can be as below.
- COFORGE - LTI - MPHASIS - WIPRO.
This is only for the learning purpose watchful for the monthly expiry and sept month for IT sector. As FMCG now can come forward in this situation to move market UP and smalls Hopes from bank nifty to keep market eventful for September series.
Share your thoughts regarding this in a comment.
COFORGE - SYMMETRICAL TRIANGLE (FLAG & POLE)A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
#coforge #niftyit #nifty #bankniftyNSE:COFORGE
if you know reversal trading then only trade on this chart , as one can see there is mentioned reversal zone and stop loss.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.