Coforge, the stock that everyone's talking about! Today, it shattered its all-time high, painting the charts with a robust bullish candle and trading at 6584 rs. Let's dive into the details:
Coforge Ltd., an Information Technology company in the IT - Software sector, demonstrates strong fundamentals.
📊 Key Observations:
Coforge broke its all-time high...
on the chart, COFORGE is looking weak. If it starts trading below 3403 today it might get more selling pressure.
So. one can short this at 3403 with a stop loss of 3440.
target one 3370
target two 3333
Coforge Ltd - 27.05.2022
The stock is trading @ 3671 levels
There is a MACD Bullish Divergence in Weekly Chart
There is a Stochastic Bullish Divergence in Weekly Chart
Let the prices go above 3838 to initiate a buy position
Watch out for the price action.
The Coforge is the Mid it share, the share in the correction, after the 38% Correction the share is the good level to buy 4080 is the Stop Loss and Target is Blue Sky.
#investingclubs
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...
![COFORGE: Simple Trade Setup | COFORGE | 09-12-2021 [ INTRADAY]](https://s3.tradingview.com/a/aTMSrM3W_mid.png "Simple Trade Setup | COFORGE | 09-12-2021 [ INTRADAY]")
