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
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..
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
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...
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...
NSE: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....
A midcap IT company with decent valuations have given the breakout. Remember we are already holding from 2570 which was our first buy given in our stockarrows group. Now is the second buy.
COFORGE buy between 2065-2085
SL 1980
TARGET 2100, 2125, 2148, 2164, 2182, 2193, 2204
During correction, It may bounce first in range 2150-2165
Else bounce possible in range 2065-2085
Posting for Educational purpose only
Closing Basis means stock need to trade in range 2065-2085 between 3:20 ~ 3.30 PM
If my analysis appears OK then please LIKE, FOLLOW and SHARE...
HOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
COFORGE 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
NSE: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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If...
![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]")
