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Coforgelong

Unlocking Potential: Coforge's Bullish Breakout 🚀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 today, fueled by a strong bullish candle and significant volumes. The daily chart reveals a consistent surge in volumes accompanying bullish candles over the past days, indicating substantial buying interest. Fundamentals are robust, providing a solid foundation for the stock's upward trajectory. 📈 Technical Insights: In the weekly chart, we witness a remarkable journey. The stock hit its previous all-time high in January 2022. Examining the last four weeks, we note a breakout of the previous all-time high. Following the breakout, the price retraced to test this level, and today, it surged past the previous all-time high. 📊 Fundamental Insights: In terms of financial performance, Coforge exhibits robust numbers, including a Price-Earning Ratio (PE) of 58.86 and a PEG Ratio of 2.58. The company has consistently delivered positive returns, with a 5.8% increase in a day, 40.5% in 6 months, and an impressive 1,653.3% in 10 years. The organization's financial health is evident through metrics such as high return on equity, return on capital employed, and increasing annual earnings per share. Furthermore, Coforge maintains a strong balance sheet with low leverage, high interest coverage ratio, and a high current ratio. The company consistently pays dividends, boasting a positive dividend yield of 0.97%. The stock has seen increased institutional and mutual fund shareholding, while retail shareholding has decreased. Notably, there is zero pledge on the company's shares. In Fundamental summary, Coforge Ltd. stands out as a fundamentally sound company with a strong track record, positive financial indicators, and a promising outlook in the Information Technology sector. 💡 Trading Strategy: Considering the compelling setup, a buy trade can be planned at the current market price (CMP). Set a stop loss below today's candle, ensuring at least a 1:2 risk-to-reward ratio. For those aiming to ride the rally, trailing the stop loss is recommended for maximizing returns. 🚨 Remember, trading involves risk, and it's crucial to manage it wisely. Lastly, 🌟 Thank you for your support, your likes & comments. Let's keep learning and growing together! 🚀📈💪 🔄 Trading Motivation: Embrace the opportunities, manage the risks, and ride the waves of success! 🌊 🚀 🚫 Note: This analysis is for educational purposes only and not intended as a trading or investment recommendation. I am not a SEBI registered analyst.
NSE:COFORGELong
by AfnanTAjuddin
COFORGE: Bullish Triangle BreakoutUsually 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 the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. Trading Strategy: Buy Coforge : 5990. SL: 5550 tgt: 6400/6900
NSE:COFORGELong
by TradingSutra
6
Simple Trade Setup | COFORGE | 09-12-2021 [ INTRADAY] 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 will work as immediate resistance. Please refer below chart : 1 day Time Frame. 2) On 1 day time frame, we can see below levels as support and resistance. Please refer below chart : 1 day Time Frame. 3) On 15min time frame, we can see that it has been trading in the resistance channel range now. If it gives sustainable breakout of this channel then it will be bullish. Please refer below chart : 15min Time Frame. 4) Also on 15min time frame, we can see that it has formed the bullish flag and pole pattern since last 3 trading session. If this pattern gets activated and gives flag breakout then we can see good bullish move. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for Date: 09-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:COFORGE
by Trading_hawk
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!!
NSE:COFORGELong
by FAHEEMSAM