- Coforge is currently looking bullish - Coforge can soon retrace back and take out some Buy side Liquidity - From a swing perspective try avoiding it and wait for a retracement - Do not enter longs here
I am expecting a small downfall in Coforge Ltd. There is a trend line break down in small time frame. Also there is a trend line below in bigger time frame. So I am expecting the market to fall till the big time frame trend line.
NSE:COFORGE #NSE:COFORGE formed beautiful rounding bottom and trading @ key resistance zone, BO sustainability may show good momentum. Levels marked on chart.
COFORGE Short Side Possibility expecting big move upcoming days Preferred for intraday
📈 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...
NSE:COFORGE #NSE:COFORGE trading bullish @ resistance. Post sustainability confirmation, may see positive trend.
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...
Sell @ CMP 5692 SL @ 5740 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
coforge is facing price rejection around this levels new comers might consider this as fresh breakout but probably looks like will be fake breakout and will reverse sharply waiting for reversal confirmation this can be probable short candidate....
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....