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...
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.
📈 CoForge 📉
My Findings :-
1. Breakdown of UpTrending Trendline Zone. See Below Chart.
2. Lower High and Lower Low Formation.
3. But IT Index at Support. To get more confirmation can be waited till IT Index Breaks down. Check IT Index Chart below for reference.
Bias- Short
Target- 3439, 2751 and 2390
SL- 4565
RR- 1: 3
IT Index Chart :-
All Important...
