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COFORGE LIMITEDCOFORGE LIMITEDCOFORGE LIMITED

COFORGE LIMITED

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COFORGE trade ideas

Coforge Ltd.The daily chart of Coforge Ltd. (NSE) shows a rising wedge pattern, typically a bearish formation, with the price nearing the resistance zone around ₹8300-8350. Key support levels lie at ₹8000 (wedge support and 50-day MA), ₹7400 (100-day MA), and ₹7000-7100 (long-term support). While the stock remains in an uptrend, weakening momentum is suggested by bearish divergences in the RSI and a bearish MACD crossover. A breakout above ₹8350 with strong volume could signal further bullishness toward ₹8500-8600, while a breakdown below ₹8000 could target ₹7400 and lower. Traders should watch for a decisive move outside the wedge and use tight stop-loss levels to manage risk.
NSE:COFORGE
by Simplecharttraders
Breakout from triangle pattern in Monthly Chart: COFORGECOFORGE reached an ATH of 6135 in the month of Jan'22 and corrected by almost 52% to reach a low of 3210 in Sep'22. It has formed a triangle pattern on monthly chart and has been in an upward journey since Oct'22 generating almost 32% returns. Last month i.e. in May'23 it has broken out of the triangle. This indicates significant upside potential of minimum 24%. The journey has just started so it is the best time for entry. Stop Loss: 4350
NSE:COFORGELong
by finvestar
COFORGE & ECLERX: Two IT Underdogs on the Rise!COFORGE The stock displayed an Inverted Head & Shoulders pattern, and following the breakout, the price saw a substantial rise, subsequently created another bullish formation called Pole & Flag. Recently, the price has broken through and is expected to continue its upward trend. ECLERX This chart also reveals the presence of an Inverted Head & Shoulder pattern. Following a recent breakout, the price is positioned for an upward movement.
NSE:COFORGELong
by GoodluckCapital
2
COFORGE -Cup and Handle Formation COFORGE-Cup and Handle Formation Name - COFORGE Pattern - Cup and Handle Status - Need to close above 6421 Cmp - 6344 Target - 8594 SL - 5800 Fundamentals : Here are some key financial ratios for Coforge Limited: Price-to-Earnings (PE) Ratio: 48.681 Price-to-Sales (P/S) Ratio: 4.172 Debt-to-Equity Ratio: 0.1363 Return on Equity (ROE): 22.47%3 Net Profit Margin: 8.29%3 Enterprise Value to EBITDA: 28.572 These ratios indicate Coforge’s valuation, profitability, and financial health. The company has a relatively high PE ratio, suggesting it is valued at a premium compared to its earnings. The low debt-to-equity ratio indicates a conservative approach to leverage.
NSE:COFORGELong
by VCharts_TA