COFORGE: A ZIGZAG CORRECTIONThe five wave declining structure suggests that the stock is going to give a zig-zag correction as wave-4 formation.
COFORGE
COFORGE LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
PRICE HAS BEEN CONSOLIDATING FOR 3 DAYS NOW.
BUY ONLY IF 2300 LEVEL IS BROKEN WITH VOLUME, OR IF PRICE FORMS A REVERSAL CANDLE NEAR/ON THE DEMAND ZONE.
SELL BELOW 2165, BE CAUTIONS WHEN PRICE IS NEAR 2115-2100 LEVEL
2300 WILL ACT AS A GOOD RESISTANCE AND NEEDS TO BE BROKEN BY VOLUME.
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TEANT
3) VOLUME - RED (BEARISH VOLUME)
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
COFORGE - 3 days in a range - #MarketMattersA Range breakout possible. A BIG 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 LOOK OUT FOR THESE LEVELS!!! THE STOCK HAS A DOWNTREND
ALL THE LEVELS ARE MARKED ON CHART;
SELL AT 2445
OR
BUY ABOVE 2304
PRICE HAS DECREASED ON ACCOUNT OF HIGH VOLUME, BE CAUTIOUS
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
2) TE REKAB shows reversals in the market
PB stands for - PULL BACK.
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
CoforgeLook For Buy (Positional)
Keep Your Eyes On Index
(Risk Must Be Managed.)
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--Any Suggestions--
One Right Trade's Swing Trade Idea #153 : Long on COFORGE This is a public swing trade idea from "one right trade" and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Coforge (Niit Tech), Fresh high Positional BuyStrong closing above yearly high, shining strength of the bull in this
Buy with 1880 OR 140rs below entry as SL.
COFORGE HAS GIVEN FLAG BREAKOUT, GOOD BUY IF SUSTAINS ABOVE 2060COFORGE has broken its long condolidated zone in previous day session, sustainability abv 2060 is very imp. Looking at the market structure it can be bought anywhere above 2060 for swing trade with SL 2000
resistance breakout donebuy above 2103 in intraday. buy after 9:20 when it breaks high of the day or 2105 whatever is max.
Coforge : Bullish breakout on daily and weekly chart with volumeNSE:COFORGE
Hi Traders,
COFORGE remained range-bound throughout month. It made new high with bullish breakout and volume on September 11. Now momentum will be continue and try to hit our target.
Entry and target level on chart.
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* This analysis is educational/learning purpose only.
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Trade well,
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COFORGE - Ascending Triangle bullish breakoutNote: This is for educational purpose only
There is an ascending triangle bullish breakout with high volume. RSI above 65 indicates bullish momentum as well. There is a supporting a trend line breakout in RSI as well.
Short Coforge around 1890 - 1940 - SL 1970 - Target 1830 -1800Short Coforge around 1890 - 1940 - SL 1970 - Target 1830 -1800
