Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
COFORGE shown Inverse Head and shoulder pattern on Daily charts, might be a good buy for positional trade, with a stoploss of 5629 for big targets of 6494, 6715 and 6990, AND don't forget to trail stoploss to upper levels..
At breakout level.. NIFTY IT bullish.. Details in the chart...
Swing traders can watch this breakout for entry with SL below the swing low.
1. Trend Line Break Out with decent Volume 2. Volatility Contracting 3. RSI Break Out 4. Nearing ATH. 5. 5900-6000 Resistance zone. 6. Major movement above ATH of 6013.30
NSE:COFORGE #NSE:COFORGE trading bullish @ resistance. Post sustainability confirmation, may see positive trend.
On Daily Time Frame, COFORGE consolidated and formed the diamond pattern after the uptrend. In the upcoming few sessions expected breakout/breakdown of this pattern. According to the pattern higher probability, this trade gives breakdown and indicates trend reversal up to 4000 downside target. In case it gives breakout of resistance line then it is possible it...
As you can see in the chart, COFORGE is consolidating from last so many days, . Today the stock has given the breakout, so for tomorrow if stock goes above 5490, you can buy this trade for the target of 5600, . You can see in the chart stock has made the same pattern in the previous day's.
NSE:COFORGE I am posting this as one of the follower on Twitter requested for it. Observations: 1) On 1day time frame,Today, Today it traded between 100DMA and 50DMA. Breakout on either side will give a good move on that side. 100DMA is placed at 5180.30 level. So level range of 5180-5200 will work as support. 50DMA is placed at 5350.25 level. Which...
IS C&H trying to form in coforge yessssssss: so 5750 soon and at 5750 B/o done then 6700 mcpriceaction
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.
Sell @ CMP 5692 SL @ 5740 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
It may gain momentum once it crosses 5415 with Volume View negated below 5340 Minimum Target 6000+ Risk to reward Excellent
2 levels to cross & watch 5110, 5126 (intra based) can be entered / hold as per individual's risk appetite disclaimer - for only study purpose
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
Looking good above 5370 Weakness below 5175 Its for education purpose.
The stock is moving up steadly and is expected to reach the targets shown on chart very soon.
Beautiful breakout Pullback to trend lines / bullish points.. bearish / Bullish levels marked....